Solve the problem.Find the present value of a loan with an annual interest rate of 
and periodic payments of 
for a term of 8 years, with payments made and interest charged 12 times per year.
A. $112,874.87
B. $45,149.95
C. $101,587.38
D. $56,437.43
Answer: D
Mathematics
You might also like to view...
Use the figure below. Determine whether the given statement is true or false. 
H + I + J = B
A. True B. False
Mathematics
Determine the area or volume as indicated. Use 3.14 for ? when necessary.
Find the volume.
A. 439.6 ft3 B. 3077.2 ft3 C. 769.3 ft3 D. 219.8 ft3
Mathematics
Solve the equation. Round your answer to three decimal places.6x+2 = 4x
A. -7.438 B. 8.838 C. -8.838 D. -10.238
Mathematics
Tell whether a linear model or a quadratic model is appropriate for the data. If a quadratic model is appropriate, then decide also whether the lead coefficient should be positive or negative.
A. Quadratic; leading coefficient positive B. Linear C. Quadratic; leading coefficient negative
Mathematics