Mathematics for FinanceMTP May 19Question 1500 of 479
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5000\displaystyle 5000 paid for ten years to off a loan. What is the loan amount if interest rate be 14%\displaystyle 14\% per annum compounded annually? [Given P(10,0.14)=5.2161]\displaystyle [Given \ P(10, 0.14) = 5.2161]

Options

A26085.50\displaystyle 26085.50
B26080.55\displaystyle 26080.55
C26280.55\displaystyle 26280.55
D27080.55\displaystyle 27080.55
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Correct Answer

Option a26085.50\displaystyle 26085.50

All Options:

  • A26085.50\displaystyle 26085.50
  • B26080.55\displaystyle 26080.55
  • C26280.55\displaystyle 26280.55
  • D27080.55\displaystyle 27080.55

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