Mathematics for FinanceMTP May 19Question 1496 of 422
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Y bought Motor Bike Costing $80,000$ by making down payment of $30,000$ and agreeing to make annual payment for four years. How much would be each payment if the interest on unpaid amount be $14\%$ compounded annually.

Options

A$17160.25$
B$17600.25$
C$15600.25$
D$16600.25$
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Correct Answer

Option a$17160.25$

All Options:

  • A$17160.25$
  • B$17600.25$
  • C$15600.25$
  • D$16600.25$

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