Question: QUESTION 11 A borrower is repaying a loan at 8% effective with payments at the end of each year for 10 years, such that the

QUESTION 11 A borrower is repaying a loan at 8% effective with payments at the end of each year for 10 years, such that the payment the first year is $500, the second year $450, and so forth until the 10th year it is $50. Find the principal paid in the sixth payment O A 199.64 O B.224.73 C. 269.31 O 0301,88 E. 415.67 QUESTION 11 A borrower is repaying a loan at 89 effective with payments at the end of each year for 10 years, such that the payment the first year is $500, the second year 5450, and so forth until the 10th year it is 550. Find the principal pald in the sixth payment. O A 199,64 O B.224.73 C. 269.31 D. 301.88 E.415.67

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