Answer:
Option B is right
Step-by-step explanation:
Given that loan amount is for 80000 dollars which attract 4.8% compounded monthly and tenure is 5 years.
So as such final amount to be paid would be
[tex]80000(1+\frac{4.8}{1200})^{12*5} \\=80000(1.0048)^{60}[/tex]...I
Since equal monthly instalment is paid to the tune of 519.17 this will be treated as recurring deposit with same interest. Hence this will be reduced for interest calculation purpose.
[tex]519.17(\frac{1-(1+0.0048)^{60} }{0.0048}[/tex]...II
Hence net amount unpaid would be as in option B , the sum of I and II
