Multiple Choice
A company has a loan that is due on December 30,2009.At that time they are required to pay $20,000.What was the original amount of the loan if it was taken out on September 30,2007 at j4 = 12%?
A) $15,290.08
B) $15,328.33
C) $15,498.49
D) $15,516.81
Correct Answer:
Verified
Correct Answer:
Verified
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