Suppose You Borrowed $30,000 at a Rate of 8

question 154

Multiple Choice

Suppose you borrowed $30,000 at a rate of 8.5% and must repay it in 5 equal installments at the end of each of the next 5 years.How much would you still owe at the end of the first year,after you have made the first payment?

• A) $19,118.33
• B) $22,112.76
• C) $22,343.11
• D) $23,034.13
• E) $20,961.06

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Definitions:

Immunoglobulin

A protein produced by the immune system to help fight off infections, also known as antibodies.

Embolus

A blood clot, air bubble, piece of fatty deposit, or other foreign body that has been carried in the bloodstream to lodge in a vessel and cause an embolism.

Immunoglobulins

Proteins in the blood plasma functioning as antibodies that play a crucial role in the immune response.

Antinuclear Antibodies

are autoantibodies that target substances within the nucleus of cells, indicative of autoimmune diseases.