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. A woman takes out a loan to be paid back over 4 years at j12=6% with monthly payments of$281.82. After 14payments, the outstanding balance
. A woman takes out a loan to be paid back over 4 years at j12=6% with monthly payments of$281.82. After 14payments, the outstanding balance on the loan is$8791.53. The woman then misses the next 3 payments(from time 15 to17). She begins making regular monthly payments at time 18. If she still intends to pay back her loan in full by the end of 4years, what is the size of her new monthlypayment? (she has 31 paymentsleft)
A.$313.03
B.$311.48
C.$308.39
D.$306.85
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