Multiple Choice
Solve the problem.
-Find the periodic payment of a loan with present value $1500 and an annual interest rate 8.9% for a term of 3 years, with payments made and interest charged 12 times per year.
A) $95.26
B) $47.63
C) $85.73
D) $38.10
Correct Answer:
Verified
Correct Answer:
Verified
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