(6) A loan of $20,000 is to be repaid in uniform monthly payments over 3 years. If the interest is 9% per year compounded monthly, what is the amount of unpaid lean principal after 24 monthly payments? b $13.921 $7.249 d $7.273 14.198 54.736 $4,090

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(6) A loan of $20,000 is to be repaid in uniformi monthly payments over 3 years. If the interest is 9% per year
compounded monthly, what is the amount of unpaid les principal after 24 monthly payments?
$4.736
$13.921
$7.249
MM
E
$7.273
14.198
$4,090
Transcribed Image Text:(6) A loan of $20,000 is to be repaid in uniformi monthly payments over 3 years. If the interest is 9% per year compounded monthly, what is the amount of unpaid les principal after 24 monthly payments? $4.736 $13.921 $7.249 MM E $7.273 14.198 $4,090
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