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You just teek nut 51 $12,000 teen for your small business. The teen has a tour year term and repayment is in the term of

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You just teek nut 51 $12,000 teen for your small business. The teen has a tour year term and repayment is in the term of four equal endmjnusetnhusyear payments. The 'rnterest rate en the lean is 11.5%. Certsider the ne] Bean payment. Hew much interest rte yen pay in the ttnat pawent? r A. $403.20 1* e. $350.51 r C. $154.31 I! D. $1,0s913 r E $138000

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