Find the periodic payment required to repay $1,870 repaid in 15 monthly installments, at an annual rate of 17%.Round to the nearest cent.
A) $\quad P = \$ 125.33$
B) $\quad P = \$ 310.10$
C) $\quad P = \$ 278.52$
D) $\quad P = \$ 139.26$
E) $\quad P = \$ 181.07$

Question

Find the periodic payment required to repay $1,870 repaid in 15 monthly installments, at an annual rate of 17%.Round to the nearest cent. 
A) $\quad P = \$ 125.33$
B) $\quad P = \$ 310.10$
C) $\quad P = \$ 278.52$
D) $\quad P = \$ 139.26$
E) $\quad P = \$ 181.07$

Quizplus · Accepted Answer

The Answer of Find the periodic payment required to repay $1,870 repaid in 15 monthly installments, at an annual rate of 17%.Round to the nearest cent. 
A) $\quad P = \$ 125.33$
B) $\quad P = \$ 310.10$
C) $\quad P = \$ 278.52$
D) $\quad P = \$ 139.26$
E) $\quad P = \$ 181.07$

Find the Periodic Payment Required to Repay $1,870 Repaid in 15