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16-10-2022
Mathematics

Answered

The following formula is used to calculate the monthly payment on a personal loan.
i
P= PV.
1-(1+i)^-n
In this formula, n represents the
a. number of periods over which interest is calculated on the loan
b.number of applicants for the loan
c.number of years it will take to pay the loan back
d. number of dollars the loan is for

Answer :

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