Question: What is the answer to this question and describe how you got to your answer? Nico makes annual end-of-year payments of $5,043.71 on a four-year

What is the answer to this question and describe how you got to your answer?

Nico makes annual end-of-year payments of $5,043.71 on a four-year loan with an interest rate of 13 percent. The original principal amount was

$24,462

$20,175

$ 3,092

$15,000

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