Find the Periodic Payment Required to Repay $1,870 Repaid in 15

question 267

Multiple Choice

Find the periodic payment required to repay $1,870 repaid in 15 monthly installments, at an annual rate of 17%.Round to the nearest cent.

• A) \(\quad P = \$ 125.33\)
• B) \(\quad P = \$ 310.10\)
• C) \(\quad P = \$ 278.52\)
• D) \(\quad P = \$ 139.26\)
• E) \(\quad P = \$ 181.07\)

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