Suppose you borrowed $12,000 at a rate of 9% and must repay it in 4 equal installments at the end of each of the next 4 years.How much would you still owe at the end of the first year,after you have made the first payment?
A)$7,636.79
B)$8,038.73
C)$8,461.82
D)$9,375.98

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The Answer of Suppose you borrowed $12,000 at a rate of 9% and must repay it in 4 equal installments at the end of each of the next 4 years.How much would you still owe at the end of the first year,after you have made the first payment?
A)$7,636.79
B)$8,038.73
C)$8,461.82
D)$9,375.98

Suppose You Borrowed $12,000 at a Rate of 9% and Must