The face value of a loan is dollars where the payment amount of
dollars is paid
times a year for
years at
interest. Rewrite
as a model with two input variables.
A) dollars is the face value of a loan for which the payment amount is
dollars paid 12 times a year for
years at 6% interest.
B) dollars is the face value of a loan for which the payment amount is
dollars paid 6 times a year for
years at 12% interest.
C) dollars is the face value of a loan for which the payment amount is
dollars paid 12 times a year for
years at 60% interest.
D) dollars is the face value of a loan for which the payment amount is
dollars paid 12 times a year for
years at 0.6% interest.
E) dollars is the face value of a loan for which the payment amount is
dollars paid 6 times a year for
years at 6% interest.
Correct Answer:
Verified
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