Mathematics for FinanceMTP May 19Question 1498 of 422
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X bought a TV costing $25,000$ making down payment of $5000$ and agreeing to make equal annual payment for four years. How much would be each payment if the interest on unpaid amount be $14\%$ compounded annually?

Options

A$6864.10$
B$6850.63$
C$6859$
D$6871$
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Correct Answer

Option a$6864.10$

All Options:

  • A$6864.10$
  • B$6850.63$
  • C$6859$
  • D$6871$

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