Caroline took out an 8-month loan for $900 at an appliance store to be paid
back with monthly payments at a 21.6% apr, compounded monthly. if the
loan offers no payments for the first 2 months, which of these groups of
values plugged into the tvm solver of a graphing calculator will give her the
correct answer for the amount of the monthly payment over the last 6 months
of the loan?
o
o
a. n=6; 1% = 21.6; pv=-900; pmt=; fv=0; p/y=12; c/y=12; pmt: end
b. n=6; 1% = 21.6; pv=-932.69; pmt=; fv=0; p/y=12; c/y=12;
pmt: end
o
c. n=0.5; 1% = 21.6; pv=-932.69; pmt=; fv=0; p/y=12; c/y=12;
pmt: end
o
d. n=0.5; 1% = 21.6; pv=-900; pmt=; fv=0; p/y=12; c/y=12: