Question

Valerie used the time-to-pay-off formula to calculate how many payments it

will take to pay off a loan, and she got n = 39.34. How many payments will it
take to pay off the loan?
O
A. It will take 39 payments, because Valerie should round up.
O
B. It will take 40 payments, because Valerie should round up.
O
C. It will take 40 payments, because Valerie should round down.
O
D. It will take 39 payments, because Valerie should round down.

Answer 1

It will take 40 payments to pay off the loan because Valerie should round up.

Explanation:

Valerie used the time-to-pay-off formula to calculate how many payments it would take to pay off a loan and she got, n = 39.34.

So, it will take 40 payments to pay off the loan because Valerie should round up.