Question

The following formula is used to calculate the monthly payment on a personal loan.

P=PV
1/1-(1+i)-*

In this formula, i represents the _ of the loan.
a. annual interest rate
b. interest rate per period
c. initial amount
d. incident amount

Answer 1

The interest and the initial amount

Answer 2

Answer:

a. annual interest rate

Step-by-step explanation:

The following formula is used to calculate the monthly payment on a personal loan.

P=PV  

1/1-(1+i)-*

In this formula, i represents the _ of the loan.

a. annual interest rate