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This morning, you borrowed $24,000 to buy a car. The quoted annual interest rate is 12%. The loan is to be repaid in equal Monthly

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This morning, you borrowed $24,000 to buy a car. The quoted annual interest rate is 12%. The loan is to be repaid in equal Monthly Principal Payment over 4 years. The first payment is due one month from today. you wanted to pay off your car at the end of the second year. How much is the remaining balance you have to pay then 2 55490.00 B $6,000 C $18,000 D $12.000

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