(3.4a)

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Attached is an example to help

Question 4 1 pts 4. Carla borrowed $190,000 on January 1, 2008. She will make ll annual payments of $17,000 to the lender beginning on January 1, 2009. In addition, she will make monthly payments of amount SX to the lender beginning February 1, 2008, and continuing for 16 years. You may assume that the annual effective interest rate is 7%. Determine the principal outstanding on January 1, 2016, immediately after the two payments due on that date have been made. [6.#06] Carla borrowed $130.000 on January 1, 2008. She will make 14 annual payments of $9,000 to the lender beginning on January 1, 2009. In addition, she will make monthly payments of amount SX to the lender beginning February 1, 2008, and continuing for 22 years. You may assume that the annual effective interest rate is 5%. Determine the principal outstanding on January 1, 2018, immediately after the two payments due on that date have been made. [6e #06] A B) C) D) E) At least 584,000, but less than $84.250 At least 584,250, but less than $84,500 At least 584,500, but less than $84,750 At least $84,750, but less than $85.000 At least $85,000, but less than $85,250 i7% j0.5654% At least $59.500, but less than $59,750 At least 559.250, but less than $59.500 190,000 - 17,000 ani + X2 1921 At least $58.500, but less than $58,750 At least 559.000, but less than $59.250 X = 534.60 At least 558.750, but less than $59.000 Be - 17,000 agli + X00 = 84,134.34