The following formula is used to calculate the monthly payment on a personal loan.
p=pv...
Mathematics, 18.11.2019 18:31 jasperc2002owy5b5
The following formula is used to calculate the monthly payment on a personal loan.
p=pv
1/1-(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
Answers: 1
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