-In the Accompanying Figure,in the Formula in the Active Cell,why

Multiple Choice

-In the accompanying figure,in the formula in the active cell,why is cell D6 divided by 12?

A) To convert the annual interest rate to a monthly interest rate.
B) To convert the number of payments to a monthly value.
C) To convert the amount borrowed to a monthly value.
D) To determine how much interest is paid each month.