Question: Question 19 (1 point) A loan of size A is to be amortized by monthly payments of $1000. The rate of interest on the loan

Question 19 (1 point) A loan of size A is to

Question 19 (1 point) A loan of size A is to be amortized by monthly payments of $1000. The rate of interest on the loan is J12 = 18%. The outstanding balance immediately after the 4th monthly payment is $10,000. How much principal is repaid in the 12th monthly payment? $896.62 $910.07 $943.37 5914.50 $900.07 Previous Page Next Page Page 19 of 22

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