Multiple Choice
Solve the problem.
-The monthly payment on a(n) $71,000 loan at 12% annual interest is $785.26. What is the balance of principal after the first monthly payment?
A) $70,397.80
B) $70,924.74
C) $71,710.00
D) $70,219.00
Correct Answer:
Verified
Correct Answer:
Verified
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