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

question 65

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) \(p = \frac { 5097 } { t }\)
• 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

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