Jia Borrows $50,000 at 10 Percent Annually Compounded Interest to Be

question 25

Multiple Choice

Jia borrows $50,000 at 10 percent annually compounded interest to be repaid in four equal annual installments. The actual end-of-year loan payment is ________.

• A) $10,774
• B) $12,500
• C) $14,340
• D) $15,773