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

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