200002977
200002977
04.06.2020 • 
Mathematics

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

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