Find the Payment Necessary to Amortize the Loan Using the Amortization

question 40

Multiple Choice

Find the payment necessary to amortize the loan using the amortization table. Round to the nearest cent.
-$1000, 10% compounded annually, 12 annual payments

• A)$140.78
• B)$75.84
• C)$153.96
• D)$146.76

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Definitions:

Human Rights

The fundamental rights and freedoms that every person is entitled to, regardless of nationality, sex, ethnicity, religion, or any other status, including rights to life, liberty, and the pursuit of happiness.

Margaret Mead

An American cultural anthropologist known for her studies and publications on the socialization of children and culture in the South Pacific and Southeast Asia.

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Globalization

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