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:
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