Use a calculator to evaluate the amortization formula for the values of the variables P = $25,000, r = 8%, n = 12, and t = 15 years.
A) $238.91
B) $166.67
C) $236.91
D) $234.91
E) $251.23

Question

Use a calculator to evaluate the amortization formula for the values of the variables P = $25,000, r = 8%, n = 12, and t = 15 years. ​  ​
A) $238.91 
B) $166.67 
C) $236.91 
D) $234.91 
E) $251.23

Quizplus · Accepted Answer

The Answer of Use a calculator to evaluate the amortization formula for the values of the variables P = $25,000, r = 8%, n = 12, and t = 15 years. ​  ​
A) $238.91 
B) $166.67 
C) $236.91 
D) $234.91 
E) $251.23

Use a Calculator to Evaluate the Amortization Formula for the Values