Mathematics
Mathematics, 30.07.2020 20:01, peggycab4201

Monique got a loan where she repays $300 every month. The interest rate is 3.2%/a,
compounded monthly. It will take her 6 years to pay off the loan. Which formula
relates to this situation?

Annuity: Present value
Lump sum: Present value
Annuity: Future value
Lump sum: Future value

answer
Answers: 3

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Monique got a loan where she repays $300 every month. The interest rate is 3.2%/a,
compounded...

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