Multiple Choice
Solve the problem.
-Find the present value of a loan with an annual interest rate of 5.9% and periodic payments of $778.63 for a term of 7 years, with payments made and interest charged 12 times per year.
A) $96,254.83
B) $53,474.90
C) $42,779.92
D) $106,949.81
Correct Answer:
Verified
Correct Answer:
Verified
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