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

Question

Driley50 Driley50

03-02-2021
Mathematics

contestada

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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roytheboy210 roytheboy210 · Answer 1 · 2021-02-03T01:57:15+01:00

B is the answer bro, 100 percent sure

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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

Respuesta :

Otras preguntas

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