The Following Table Shows Your Monthly Payment P, in Dollars $p=\frac{5021}{t}$

question 32

Multiple Choice

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) \(p=\frac{5021}{t}\)
• B) \(P=\frac{50.21 \times 1.01^{2}}{1.01^{2}-1}\)
• C) \(P=\frac{5021 \times(1.01)^{2}}{t-1.01}\)
• D) None of the above

---

Definitions:

Approximately

A term used to indicate that a given number or description is close to, but not exactly, a specific value or detail.

Annual Holiday

A yearly recurring festival or celebration, often marked by a specific tradition or honor, recognized either nationally, culturally, or religiously.

Emancipation

The act of freeing someone from slavery, servitude, or constraint.

Public School System

A government-funded educational system accessible to all children within a country or region, providing free primary and secondary education.