Question: What amortization payment would you need to make each year, at 14% interest compounded semiannually, to pay off a loan of $24,000 in 4 years?

What amortization payment would you need to make each year, at 14% interest compounded semiannually, to pay off a loan of $24,000 in 4 years? (Use Table 12-2 from your text) Group of answer choices $5,000.00 $4,086.45 $4,019.23 $954.22

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