Sheet Metals has an outstanding loan that calls for equal annual payments of $12,600.47 over the life of the loan.The original loan amount was $72,000 at an APR of 8.15 percent.How much of the third loan payment is interest?

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The correct answer is B.The interest portion of the third loan payment can be calculated using the formula:Interest = Loan amount * APR * (1 - (1 + APR)^(-n)) / APRwhere:Loan amount = $72,000APR = 8.15%n = 3 (since this is the third payment)Plugging these values into the formula, we get:Interest = $72,000 * 0.0815 * (1 - (1 + 0.0815)^(-3)) / 0.0815= $4,725.89Therefore, the interest portion of the third loan payment is $4,725.89.

Sheet Metals Has an Outstanding Loan That Calls for Equal