Go! Problem b of 25 GOAL 02:27:10 Question Salma takes out a 3-year loan that she repays using the amortization method. She makes monthly payments at a nominal annual interest rate of 6% compounded monthly. The first payment is $120 and is to be paid one month from the date of the loan. Each succeeding monthly payment will be 1% larger than the prior payment. Calculate Salma's outstanding loan balance after her 23rd payment. Possible Answers A 1803.64 B 1953.37 c 2010.74 Canon Quick LockDown Menu Browser Type here to search O