Time Value of Money: Suppose you borrowed $19,000 at a rate of 8.45% and must repay it in 5 equal installments at the end of each of the next 5 years. How large would your payments need to be? $3,800 $3,889 $4,084 $4,815 none of the other answers are correct

Tine Vilue of Money. Suppose you borrowod $19,000 at a rate of 8.45% and must repay it in 5 equal installments at the end of each of the neat 5 years, How large would your peyments need to be? +33,000 53.89 \$4. 084 4,315 none of the other answers are corroct