Sheet Metals Has an Outstanding Loan That Calls for Equal

question 64

Multiple Choice

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?

• A)$5,868.00
• B)$4,725.89
• C)$4,896.48
• D)$5,009.16
• E)$4,687.53

---

Definitions:

Genetic Mutations

are changes in the DNA sequence of an organism, which can lead to variations in physical traits or increased susceptibility to certain diseases.

The Simpsons

An American animated sitcom that satirizes middle-class American life, focusing on the Simpson family in the fictional town of Springfield.

Nuclear Reactors

Facilities used to initiate and control a sustained nuclear chain reaction, primarily for the generation of electricity or for the production of radioactive materials.

Waste

Resources or materials that are discarded without being used effectively or as intended.