Solution:-
As per HOMEWORKLIB RULES if more than one question is posted than we liable to answer only first question.
Question 32 of 40:-
C. $97,434
Explanation:-
Interest for the year 2016:-
$110,000 * 15% = $16,500
Equal annual installment paid = $29,066
Total principal paid = Equal annual installment paid - Interest for the year 2016
= $29,066 - $16,500
= $12,566
Remaining principal = $110,000 - $12,566
= $97,434.
As per HOMEWORKLIB RULES if more than one question is posted than we liable to answer only first question.
Final Time Remaining: 1 Part 1 of 1- Question 32 of 40 2.5 Points On Jan...
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