Question: Dayo borrows $5,700.00 which she will repay with level quarterly payments over 9 years. The interest rate is i(1) = 4.500%. What is the outstanding

Dayo borrows $5,700.00 which she will repay with level quarterly payments over 9 years. The interest rate is i(1) = 4.500%. What is the outstanding balance on the loan just after 26 payments? Question 4Answer a. $1,815.86. b. $1,543.48. c. $1,616.12. d. $1,634.28. e. $1,906.66

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