Banks calculate the monthly payment on a loan as
A)as an annuity due with payment made one month in advance.
B)as an ordinary annuity with payment made one month is advance.
C)as an annuity due with payment made at end of month.
D)as an ordinary annuity with payment made at end of month.

Question

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The Answer of Banks calculate the monthly payment on a loan as
A)as an annuity due with payment made one month in advance.
B)as an ordinary annuity with payment made one month is advance.
C)as an annuity due with payment made at end of month.
D)as an ordinary annuity with payment made at end of month.

Banks Calculate the Monthly Payment on a Loan as