Please help!!!
Which of these expressions can be used to calculate the monthly payment for
a...
Mathematics, 04.05.2021 20:20 purplebandit96
Please help!!!
Which of these expressions can be used to calculate the monthly payment for
a 30-year loan for $195,000 at 6.6% interest, compounded monthly?
A.
$195 000 0.0055(1 -0.0055)380
(1 -0.0055)360
-1
B.
$195 200 .0.0055(1 +0.0055) 360
(1 +0.0055)360 - 1
360
$ 195 000 0.0055(1 -0.0055)*
(1 -0.0065 )360 +1
D.
$195 000 0.0055(1 +0.0055) 360
(1 +0.0055)
360
+1
Answers: 2
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