Mathematics, 20.05.2021 04:10 smallsbjs
Which of these expressions can be used to calculate the monthly payment for
a 20-year loan for $215,000 at 5.4% interest, compounded monthly?
$215 000 0.0045(1 -0.0045) 240
(1 -0.0045)240 +1
B.
$215 000 0.0045(1 +0.0045) 240
(1 +0.0045)240 - 1
$215 p00 0.0045 (1 +0.0045) 240
(1 +0.0045)240 + 1
240
$215 p00 0.0045(1 -0.0045)?
(1 -0.0045)240 - 1
Yes
Answers: 3
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Which of these expressions can be used to calculate the monthly payment for
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