Question 12 Common information: A loan is amortized by level payments made at the end of each quarter, for 25 years. The monthly rate is 1%. The principal in the 29th payment is 8370. Find OLB69 OA 1,115,185.53 OB. 1,101,108.22 OC. The correct answer is not shown here. O D. 1,430,370.34 OF. 1,301,108.22

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
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Common information:
A loan is amortized by level payments made at the end of each quarter, for 25 years. The monthly rate is 1%. The principal in the 29th payment is 8370.
Find OLB69
OA 1,115,185.53
OB. 1,101,108.22
OC. The correct answer is not shown here.
O D. 1,430,370.34
OF. 1,301,108.22
Transcribed Image Text:Question 12 save this response. Common information: A loan is amortized by level payments made at the end of each quarter, for 25 years. The monthly rate is 1%. The principal in the 29th payment is 8370. Find OLB69 OA 1,115,185.53 OB. 1,101,108.22 OC. The correct answer is not shown here. O D. 1,430,370.34 OF. 1,301,108.22
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