Question: Your bank created a fixed interest fully amortizing loan for a client that has a term of 5 years, an interest rate of 6%, and

Your bank created a fixed interest fully amortizing loan for a client that has a term of 5 years, an interest rate of 6%, and monthly payments of $850. What was the amount of the loan?

	A.	$52,160
	B.	$21,482
	C.	$13,737
	D.	$43,967

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