Multiple Choice
Solve the problem.
-Find the present value of a loan with an annual interest rate of 6.7% and periodic payments of $288.46 for a term of 3 years, with payments made and interest charged 12 times per year.
A) $18,767.66
B) $7507.06
C) $16,890.89
D) $9383.83
Correct Answer:
Verified
Correct Answer:
Verified
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