Homer took out a 6 month loan for 700 at an appliance store

Last updated: 1/21/2024

Homer took out a 6 month loan for 700 at an appliance store to be paid back with monthly payments at a 20 4 APR compounded monthly If the loan offers no payments for the first 3 months which of these groups of values plugged into the TVM Solver of a graphing calculator will give him the correct answer for the amount of the monthly payment over the last 3 months of the loan A N 3 1 20 4 PV 736 31 PMT FV 0 P Y 12 C Y 12 PMT END B N 3 1 20 4 PV 700 PMT FV 0 P Y 12 C Y 12 PMT END C N 0 25 1 20 4 PV 700 PMT FV 0 P Y 12 C Y 12 PMT END