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Find the Payment Necessary to Amortize the Loan Using the Amortization

Question 74

Multiple Choice

Find the payment necessary to amortize the loan using the amortization table. Round to the nearest cent. Find the payment necessary to amortize the loan using the amortization table. Round to the nearest cent. -$50,000, 10% compounded annually, 26 annual payments A) $5,508.40 B) $5,458.00 C) $5,412.88 D) $4,612.95 Find the payment necessary to amortize the loan using the amortization table. Round to the nearest cent. -$50,000, 10% compounded annually, 26 annual payments A) $5,508.40 B) $5,458.00 C) $5,412.88 D) $4,612.95
-$50,000, 10% compounded annually, 26 annual payments


A) $5,508.40
B) $5,458.00
C) $5,412.88
D) $4,612.95

Correct Answer:

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