Mathematics, 04.06.2020 03:58 Maxxboogie
In calculating the monthly payment for a five-year loan, what value should be used for n, the number of periods over which the loan is repaid, as it appears in the following formula? P = P V times StartFraction i over 1 minus (1 + i) superscript negative n EndFraction
a.5
b.12
c.60
d.120
The answer is C,60
Answers: 1
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