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pls show each step Aloan of size A is to be amorized by monthly payments of $1000. The rate of interest on the loan is

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Aloan of size A is to be amorized by monthly payments of $1000. The rate of interest on the loan is I12=18%. The outstanding balance immediately after the 4th monthly payment is $12,000. What is A ? (answer to nearest dollar) A. $16,091 B. $16,000 C. $15,075 D. $15,161

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