You miss the 11th to 13th payments of a loan. The loan payments are $519.27 each month and the interest rate is 8.45% compounded annually. How much are you behind in your payments on the day that you miss the 13th payment?
A) $1658.40
B) $1586.40
C) $1568.40
D) $1508.40
E) $1458.40
Correct Answer:
Verified
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