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Consider a group of 225 people interested in borrowing a loan of for 10 years. The lender requires a single repayment amount of $5092 assuming

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Consider a group of 225 people interested in borrowing a loan of for 10 years. The lender requires a single repayment amount of $5092 assuming there would be no default. Find the minimum repayment amount the lender should require at the end of 10 years if it is expected that 21 borrowers from this group will default but with 35% partial recovery. Possible Answers A 5173 B 5203 5325 D 5421 E5597

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