What amortization payment would you need to make each year, at 12% interest compounded annually, to pay off a loan of $4,000 in 6 years? (Use Table 12-2 from your text)
A) $477.11
B) $486.45
C) $972.90
D) $954.22

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The Answer of What amortization payment would you need to make each year, at 12% interest compounded annually, to pay off a loan of $4,000 in 6 years? (Use Table 12-2 from your text)
A) $477.11
B) $486.45
C) $972.90
D) $954.22

What Amortization Payment Would You Need to Make Each Year