Danny Joe borrows $10,500 from the bank at 11 percent annually compounded interest to be repaid in six equal annual installments. The interest paid in the first year is ________
A) $1,155
B) $2,481
C) $ 144
D) $1,327
A
Business
A) $1,155
B) $2,481
C) $ 144
D) $1,327
A