Mathematics for FinanceMTP May 19Question 1500 of 422
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$5000$ paid for ten years to off a loan. What is the loan amount if interest rate be $14\%$ per annum compounded annually? $[Given \ P(10, 0.14) = 5.2161]$

Options

A$26085.50$
B$26080.55$
C$26280.55$
D$27080.55$
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Correct Answer

Option a$26085.50$

All Options:

  • A$26085.50$
  • B$26080.55$
  • C$26280.55$
  • D$27080.55$

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