Multiple Choice
Find the periodic payment required to repay $21,860 over 12 years, with monthly payments at a 10% annual rate.Round to the nearest cent.
A) P = $261.24
B) P = $380.28
C) P = $221.56
D) P = $340.60
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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