Hayley makes annual end-of-year payments of $6,260.96 on a five-year loan with an 8 percent interest rate. The original principal amount was ________.
A) $31,000
B) $30,000
C) $25,000
D) $20,000

Question

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The Answer of Hayley makes annual end-of-year payments of $6,260.96 on a five-year loan with an 8 percent interest rate. The original principal amount was ________.
A) $31,000
B) $30,000
C) $25,000
D) $20,000

Hayley Makes Annual End-Of-Year Payments of $6,260