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You miss the 11th to 13th payments of a loan. The loan payments are $519.27 each month and the interest rate is 8.45% compounded annually.

You miss the 11th to 13th payments of a loan. The loan payments are $519.27 each month and the interest rate is 8.45% compounded annually. How much are you behind in your payments on the day that

you miss the 13th payment? A) $1658.40 B) $1586.40 C) $1568.40

D) $1508.40 E) $1458.40 Answer: C

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