Use a calculator to evaluate the amortization formula for the values of the variables P = $16,000, r = 9%, n = 12, and t = 5 years.
A) $330.13
B) $332.13
C) $344.45
D) $333.13
E) $342.79

Question

Use a calculator to evaluate the amortization formula for the values of the variables P = $16,000, r = 9%, n = 12, and t = 5 years. ​  ​
A) $330.13 
B) $332.13 
C) $344.45 
D) $333.13 
E) $342.79

Quizplus · Accepted Answer

The Answer of Use a calculator to evaluate the amortization formula for the values of the variables P = $16,000, r = 9%, n = 12, and t = 5 years. ​  ​
A) $330.13 
B) $332.13 
C) $344.45 
D) $333.13 
E) $342.79

Use a Calculator to Evaluate the Amortization Formula for the Values