A company borrowed $50,000 at 12% compounded monthly. It made a payment of $15,000 after two years, and $12,000 after three years. How much is required to pay off the loan one year after the second payment?
A) $17,432.08
B) $42,636.06
C) $29,799.41
D) $48,043.38
E) $80,611.30

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The Answer of A company borrowed $50,000 at 12% compounded monthly. It made a payment of $15,000 after two years, and $12,000 after three years. How much is required to pay off the loan one year after the second payment?
A) $17,432.08
B) $42,636.06
C) $29,799.41
D) $48,043.38
E) $80,611.30

A Company Borrowed $50,000 at 12% Compounded Monthly