Suppose you take out a $10,000 loan at a 6% nominal annual rate.The terms of the loan require you to make 12 equal end-of-month payments each year for 4 years,and then an additional final (balloon) payment of $4,000 at the end of the last month.What will your equal monthly payments be?
A)$137.96
B)$145.22
C)$152.86
D)$160.91

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The Answer of Suppose you take out a $10,000 loan at a 6% nominal annual rate.The terms of the loan require you to make 12 equal end-of-month payments each year for 4 years,and then an additional final (balloon) payment of $4,000 at the end of the last month.What will your equal monthly payments be?
A)$137.96
B)$145.22
C)$152.86
D)$160.91

Suppose You Take Out a $10,000 Loan at a 6