question archive Q: A car loan of $25,000 is amortized over 4 years by equal end-of-quarter payments at 4
Q: A car loan of $25,000 is amortized over 4 years by equal end-of-quarter payments at 4
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Q: A car loan of $25,000 is amortized over 4 years by equal end-of-quarter payments at 4.99% compounded annually. What is the principal repaid in the 7th payment?
Select one:
a. $1531.82
b. $1730.12
c. $4273.22
d. $6607.96
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a. $1531.82
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