Which of these groups of values plugged into the TVM Solver of a graphing calculator will return the amount of a 25-year loan with an APR of 16.8%, compounded monthly, that is paid off with monthly payments of $340?

The correct option is B,N-240;1% = 5.6; PV=-205000; PMT=;FV=0;P/Y=12; C/Y=12;

PMT: END

Step-by-step explanation:

The compounding is done monthly which is means that the number of periods for which the compounding is carried is the number of months in twenty years,which is 20*12=240

Only options B and C have N as 240.

The present worth of the loan ,which is the amount of loan is $205,000

Option B has PV=-$205,000

Option C has PV =$0

Ultimately option B which stated the loan amount correctly is the right answer.

Also,the future value of the loan is unknown,hence option B has it as $0-unknown while option C  stated it as -$205,000,which effectively means that the PV was used as FV