Suppose you borrowed $37,000 at a rate of 9.0% and must repay it in 4 equal installments at the end of each of the next 4 years.How large would your payments be?
A) $8,908.18
B) $11,420.74
C) $9,136.59
D) $10,735.50
E) $9,707.63
Correct Answer:
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