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)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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 ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
3|-8x|+8=80 -5|3+4x|=-115 And also a few more that the same but with inequality signs
Answers (1)
A new shopping mall is gaining in popularity every day since it open the number of shoppers is 20% more than the numbers of shoppers the day before the total numbers of shoppers over the first four days is 671
Answers (1)
What is proportion setup for 380 raisins in a box and uses 5 per gingerbread man. needing to set up to find out how many dozens i can make?
Answers (1)
A pound of chocolate costs $7. Charlie buys p pounds. Write an equation to represent the total cost c that Charlie pays.
Answers (1)
Teorema de pitagoras
Answers (1)
New Questions in Mathematics
Jack is 4 times as old as Lacy. 5 years from now the sun of their age will 70. How old are they now?
Answers (1)
Miguel and Jacqui built towers out of craft stickers. Miguel's tower had 4-inch square base. Jacqui's tower had a 6-inch square base.
Answers (2)
I'm trying to solve a rational equation and i don't know what exactly to do with the 2x^2. Here's what i have so far: (x) / (x+2) + (x) = (5x+8) / (x+2) (x+2) (x) + (x+2) (x) = (5x+8) (2x^2) + 4x = (5x+8) - 4x = - 4x 2x^2 = x+8 0 =
Answers (1)
Shawna bough 8 pizzas that cost, p, dollars each. She paid with a $100 bill and her change was less than $20. Write an expression that can be used to model the situation.
Answers (1)
A family buys 6 tickets to a show. They also pay $3 parking fee. They spend $27 to see the show.
Answers (2)