The following formula is used to calculate the monthly payment on a personal loan.
p = pv 1 -(1+i)-n

in this formula, i represents the of the loan.
a.
annual interest rate
b.
interest rate per period
c.
initial amount
d.
incident amount

select the best answer from the choices provided

interest rate per period

Step-by-step explanation:

b.  interest rate per period

Step-by-step explanation:

There are following terms while calculating the present value, future value, number of years, monthly payments, interest rate etc

Like

Present value = PV

Future value = FV

Number of years = n

Interest rate per period = i

Monthly payments = P or PMT

So in the given options, the second option is correct

Plus we can find out the PMT by using the excel i.e

= PMT(Rate,NPER,PV,FV,type)

The present value or future value come in negative as the case may be

hello i might . what do you need.

friend me