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Gertrude Carter and Co. has an outstanding loan that calls for equal annual payments over the 10-year life of the loan. The original loan amount
Gertrude Carter and Co. has an outstanding loan that calls for equal annual payments over the 10-year life of the loan. The original loan amount was $100,000 at an APR of 8 percent. How much of the third payment is interest? A. $6,130.42 B. $6,207.21 C. $6,851.34 D. $7,447.76 E. $8,051.66
(important note: it isnt the same question as the one has $14,903 over the 10 years. This one doesnt have this number but it is the same exaclty)
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