CassandraDiaz
CassandraDiaz CassandraDiaz
  • 02-08-2020
  • Mathematics
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Financial Math
What’s the answer??
[No guessing]

Financial Math Whats the answer No guessing class=

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musiclover10045
musiclover10045 musiclover10045
  • 02-08-2020

In the given formula n is the number of years the loan is out for.

The answer would be C.

Answer Link
09pqr4sT
09pqr4sT 09pqr4sT
  • 02-08-2020

Answer:

[tex]\boxed{\sf C}[/tex]

Step-by-step explanation:

The formula for the payment on a loan is given:

[tex]\displaystyle P=PV \cdot \frac{i}{1-(1+i)^{-n}}[/tex]

n would represent the number of periods or years it will take to pay the loan back.

Answer Link

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