Exercise
ABy Admin
Nov 19'23
Answer
Solution: C
[[math]]
\begin{aligned}
& 10,000=P a_{\overline{20} \mid 0.015} \\
& P=582.46 \\
& O B_4=582.46 a_{\overline{16} \mid 0.015} \\
& O B_4=8230.86
\end{aligned}
[[/math]]
Remaining payments total:
[[math]]
\begin{aligned}
& 16(582.46)=9319.32 \\
& 9319.32-8230.86=1088.46
\end{aligned}
[[/math]]