Financial Math
What’s the answer??
[No guessing]
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In the given formula n is the number of years the loan is out for.
The answer would be C.
Answer:
[tex]\boxed{\sf C}[/tex]
Step-by-step explanation:
The formula for the payment on a loan is given:
[tex]\displaystyle P=PV \cdot \frac{i}{1-(1+i)^{-n}}[/tex]
n would represent the number of periods or years it will take to pay the loan back.