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Mathematics, 20.05.2021 04:10 smallsbjs

Which of these expressions can be used to calculate the monthly payment for a 20-year loan for $215,000 at 5.4% interest, compounded monthly?
$215 000 0.0045(1 -0.0045) 240
(1 -0.0045)240 +1
B.
$215 000 0.0045(1 +0.0045) 240
(1 +0.0045)240 - 1
$215 p00 0.0045 (1 +0.0045) 240
(1 +0.0045)240 + 1
240
$215 p00 0.0045(1 -0.0045)?
(1 -0.0045)240 - 1
Yes

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Answers: 3

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Which of these expressions can be used to calculate the monthly payment for a 20-year loan for $215...
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