Question: Please highlight answer Assume a five-year equal payment amortization schedule with an annual interest rate of 7% and annual payments. If the beginning principal is

Please highlight answer

Assume a five-year equal payment amortization schedule with an annual interest rate of 7% and annual payments. If the beginning principal is $8,000, then the first interest payment will be how large? las O A. $960.00 O B. $1,219 28 C. $560.00 last OD. There is not enough information to answer this

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