The amount of principal repaid in the 1st payment of a loan repaid by level annual payments at the end of each year for

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answerhappygod
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The amount of principal repaid in the 1st payment of a loan repaid by level annual payments at the end of each year for

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The amount of principal repaid in the 1st payment of a loan
repaid by level annual payments at the end of each year for 18
years at 3% effective is $500.
Compute the loan amount.
A
11,404
B 11,505
C 11,606
D 11,707
E 11,808
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