A loan of $245,000 is to be repaid in equal quarterly payments ovr a period of 6years. if the interest rate in 14.5 compounded quarterly, what is the amount ofunpaid principal at the beginning of the third yearOa S148,281Ob. S147.044.Oc $247325Od. SI84.203O SI85.206

Given: P = 245000 r = 14.5% or 0.145 n = 6years m = number of quarters in a year A = amount to be…

A loan of $245.000 is to be repaid in equal quarterly payments over a period of 6 years. If the interest rate is 145 compounded quarterty, what is the amount of unpaid principal at the beginning of the third year Oa $148.281 Ob S147.044 Oe $247325 Oa s84203 O SI85206

A loan of $245.000 is to be repaid in equal quarterly payments over a period of 6 years. If the interest rate is 145 compounded quarterty, what is the amount of unpaid principal at the beginning of the third year Oa $148.281 Ob S147.044 Oe $247325 Oa s84203 O SI85206

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A loan of $245,000 is to be repaid in equal quarterly payments ovr a period of 6
years. if the interest rate in 14.5 compounded quarterly, what is the amount of
unpaid principal at the beginning of the third year
Oa S148,281
Ob. S147.044.
Oc $247325
Od. SI84.203
O SI85.206

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