Question

Calculate the annual payments, if a loan of $187,400 with an interest rate of 5% compounded annually is obtained by person M. The agreement in made in such a way that the first being due at the end of 10 years, amount is paid off in 8 equal annual payments. a) $43,263.91 b) $43,489.47 c)S43,763.20 d) $43,600.10​

Answer 1

Answer:

B.$43,489.47 is the answer of question