Ask Question
19 November, 13:29

The following formula is used to calculate the monthly payment on a personal loan.

P=PV

1/1 - (1+i) - *

In this formula, i represents the _ of the loan.

a. annual interest rate

b. interest rate per period

c. initial amount

d. incident amount

+1
Answers (2)
  1. 19 November, 13:40
    0
    The interest and the initial amount
  2. 19 November, 13:56
    0
    a. annual interest rate

    Step-by-step explanation:

    The following formula is used to calculate the monthly payment on a personal loan.

    P=PV

    1/1 - (1+i) - *

    In this formula, i represents the _ of the loan.

    a. annual interest rate
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The following formula is used to calculate the monthly payment on a personal loan. P=PV 1/1 - (1+i) - * In this formula, i represents the _ ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers