John doeber borrowed 150000 to buy a house his loan cost, Ask an Expert

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John Doeber borrowed $150,000 to buy a house. His loan cost was 6% and he promised to repay the loan in 15 equal annual payments. What is the principal outstanding after the first loan payment?

A) $143,555

B) $134,560

C) $141,200

D) None of these options

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91265461

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