Multiple Choice
Solve the problem.
-Find the present value of a loan with an annual interest rate of 6.7% and periodic payments of $1266.21 for a term of 30 years, with payments made and interest charged 12 times per year.
A) $392,454.12
B) $156,981.65
C) $353,208.71
D) $196,227.06
Correct Answer:
Verified
Correct Answer:
Verified
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