Marla borrows $4,500 at 12 percent annually compounded interest to be repaid in four equal annual installments. The actual end of year payment is: (Round to the nearest whole dollar)

A) $942
B) $1,125
C) $1,482
D) $2,641


C

Business

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Answer the following statement true (T) or false (F)

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Indicate whether the statement is true or false

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What will be an ideal response?

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