2 Points
Kendra took out a loan for $750 at an 8.4% APR, compounded monthly, to buy
a stereo. If she will make monthly payments of $46.50 to pay off the loan,
which of these groups of values plugged into the TVM Solver of a graphing
calculator could be used to calculate the number of payments she will have
to make?
O
O
A. N=;1% = 0.7; PV=-750; PMT=46.5; FV=0; P/Y=12; C/Y=12;
PMT:END
B. N=;1% = 0.7; PV=-750; PMT=46.5; FV=0; P/Y=1; C/Y=12;
PMT:END
C. N=;1% = 8.4; PV=-750; PMT=46.5; FV=0; P/Y=1; C/Y=12;
PMT:END
D. N=;1% = 8.4; PV=-750; PMT=46.5; FV=0; P/Y=12; C/Y=12;