The following table shows your monthly payment P, in dollars, if you pay off a loan in months.

Which formula below fits these data?
A) $p = \frac { 5097 } { t }$
B) $P = \frac { 50.97 \times 1.01 ^ { t } } { 1.01 ^ { 2 } - 1 }$
C) $P = \frac { 5097 \times ( 1.01 ) ^ { t } } { t - 1.01 }$
D) None of the above

Question

The following table shows your monthly payment P, in dollars, if you pay off a loan in  months.

Which formula below fits these data?
A) $p = \frac { 5097 } { t }$ 
B) $P = \frac { 50.97 \times 1.01 ^ { t } } { 1.01 ^ { 2 } - 1 }$ 
C) $P = \frac { 5097 \times ( 1.01 ) ^ { t } } { t - 1.01 }$ 
D) None of the above

Quizplus · Accepted Answer

The Answer of The following table shows your monthly payment P, in dollars, if you pay off a loan in  months.

Which formula below fits these data?
A) $p = \frac { 5097 } { t }$ 
B) $P = \frac { 50.97 \times 1.01 ^ { t } } { 1.01 ^ { 2 } - 1 }$ 
C) $P = \frac { 5097 \times ( 1.01 ) ^ { t } } { t - 1.01 }$ 
D) None of the above

The Following Table Shows Your Monthly Payment P, in Dollars p=5097tp = \frac { 5097 } { t }p=t5097​

The Following Table Shows Your Monthly Payment P, in Dollars $p = \frac { 5097 } { t }$