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4 votes
Dylan took out a loan for $3150 at a 7.2% APR

compounded monthly, to buy a video projector. If he will
make monthly payments of $188.50 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?
O A. N=;1% = 0.6; PV=-3150; PMT=188.5; FV=0;
P/Y=12; C/Y=12; PMT:END
O B. N=1% = 7.2: PV=-3150: PMT=188.5; FV=0;
P/Y=1; C/Y=12; PMT:END
O C. N=;l% = 0.6; PV=-3150; PMT=188.5; FV=0;
P/Y=1; C/Y=12; PMT:END
O
D. N=;1% = 7.2; PV=-3150; PMT=188.5; FV=0;
P/Y=12; C/Y=12; PMTEND

1 Answer

6 votes

Answer:N= ; I% = 7.2; PV=–3150; PMT=188.5; FV=0; P/Y=12; C/Y=12; PMT:END

User Vldmrrr
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