Mathematics, 03.03.2020 18:24 hiji0206

1. In calculating the monthly payment for a loan with an 7.5% interest rate compounded monthly, what value should be
used for i, the interest rate per period, as it appears in the following formula?
P= PV • i/1-(1+i)^n

Answers: 3

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More questions: Mathematics Another questions

1. In calculating the monthly payment for a loan with an 7.5% interest rate compounded monthly, what value should be used for i, the interest rate per period, as it appears in the following formula? P= PV • i/1-(1+i)^n

Answers

Another question on Mathematics

1. In calculating the monthly payment for a loan with an 7.5% interest rate compounded monthly, what value should be
used for i, the interest rate per period, as it appears in the following formula?
P= PV • i/1-(1+i)^n