While in college, Jerry received $40,000 in student loans at 8% interest. She will graduate in December and is expected to begin repaying loans in 5 equal annual payments. Compute her yearly payments. Select one: a. 30785.52 b. 83395.81 c. 250000 d. 88395.81 e. 10018.28

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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While in college, Jerry received $40,000 in student loans at 8% interest. She will graduate in December and is expected to begin repaying loans in 5 equal annual payments. Compute her yearly payments. Select one: a. 30785.52 b. 83395.81 c. 250000 d. 88395.81 e. 10018.28
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