Question: D. Try to choose the correct answer, note that four wrong answers will cancel one correct answer (i.e. each wrong answer will be penalized by

D. Try to choose the correct answer, note that four wrong answers will cancel one correct answer (i.e. each wrong answer will be penalized by -1 pt.): [ 4 pts. ] Assume you borrow $65,000 at 6% per year interest and you agree to repay the loan in 11 equal annual payments. Which one of the following value is closest to the amount of the un-recovered balance immediately after you make the payment at the end of year 72 Select one: a. 25,702 b. 42,837 c. 34,270 d d. 28,558
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