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You plan to botrow $47,200 at a 7.2% anmual interest rate. The terms require you to amortive the loan with 7 equal end-of-year payments. How

You plan to botrow $47,200 at a 7.2% anmual interest rate. The terms require you to amortive the loan with 7 equal end-of-year payments. How much interest would you be paying in Year e? a. 53,008.10 b. $6,226.94 C. 53,05075 d. 33,294.40 e. 18,019.27

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