Mathematics for FinanceMTP Nov 18Question 1487 of 422
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$10,000$ is paid every year to off a loan, the loan amount if interest be $14\%$ per annum compounded annually is $[P(10, 0.14) = 5.21611]$

Options

A$5216.11$
B$1917.13$
C$52,161.1$
D$19,171.3$
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Correct Answer

Option a$5216.11$

All Options:

  • A$5216.11$
  • B$1917.13$
  • C$52,161.1$
  • D$19,171.3$

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