Mathematics, 03.02.2021 04:10 pashon35

The following formula is used to calculate the monthly payment on a personal loan. P = PV. i
- n
1 - (1+i)
In this formula, i represents the of the loan.
A) Annual interest rate.
B) Interest rate per period
C) Initial amount
D) Incident amount
Explain why it would be letter B

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