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Question 3 of 10
Which of these expressions can be used to calculate the monthly payment for a 25-year
loan for $305,000 at 7.8% interest, compounded monthly?
A.
B.
C.
D.
$305 000 0.0065 (1-0.0065) 300
(1-0.0065) 300 - 1
$305 000 0.0065 (1 +0.0065) 300
(1+0.0065) 300 - 1
$305 000 0.0065 (1 +0.0065) 300
(1+0.0065)300 +1
$305 000 0.0065(1-0.0065)300
(1-0.0065) 200 +1



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