The Face Value of a Loan Is Dollars Where

question 5

Multiple Choice

The face value of a loan is dollars where the payment amount of dollars is paid times a year for years at interest. Rewrite as a model with two input variables.

• A) dollars is the face value of a loan for which the payment amount is dollars paid 12 times a year for years at 6% interest.
• B) dollars is the face value of a loan for which the payment amount is dollars paid 6 times a year for years at 12% interest.
• C) dollars is the face value of a loan for which the payment amount is dollars paid 12 times a year for years at 60% interest.
• D) dollars is the face value of a loan for which the payment amount is dollars paid 12 times a year for years at 0.6% interest.
• E) dollars is the face value of a loan for which the payment amount is dollars paid 6 times a year for years at 6% interest.

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