Mathematics

Kristen Kim

4 May, 05:24

Troy took out a loan for $1850 at a 9.6% APR, compounded monthly, to buy a

television. If he will make monthly payments of $102.50 to pay off the loan,

which of these groups of values plugged into the TVM Solver of a graphing

calculator could be used to calculate the number of payments he will have to

make?

EN

V

. CN

O A. N=; 1% = 9.6; PV=-1850; PMT=102.5; FV=0; P/Y=12; C/Y=12;

PMT:END

O B. N=; 1% = 0.8; PV=-1850; PMT=102.5; FV=0; P/Y=12; C/Y=12;

PMT:END

O C. N=; 1% = 9.6; PV=-1850; PMT=102.5; FV=0; P/Y=1; C/Y=12;

PMT:END

O D. N=; 1% = 0.8; PV=-1850; PMT=102.5; FV=0; P/Y=1; C/Y=12;

PMT:END