Troy took out a loan for $1850 at a 9.6% APR, compounded monthly, to buy a
television. If he will make monthly payments of $102.50 to pay off the loan,
which of these groups of values plugged into the TVM Solver of a graphing
calculator could be used to calculate the number of payments he will have to
make?
EN
V
.CN
O A. N=;1% = 9.6; PV=-1850; PMT=102.5; FV=0; P/Y=12; C/Y=12;
PMT:END
O B. N=; 1% = 0.8; PV=-1850; PMT=102.5; FV=0; P/Y=12; C/Y=12;
PMT:END
O C. N=; 1% = 9.6; PV=-1850; PMT=102.5; FV=0; P/Y=1; C/Y=12;
PMT:END
O D. N=; 1% = 0.8; PV=-1850; PMT=102.5; FV=0; P/Y=1; C/Y=12;
PMT:END