Which of these expressions can be used to calculate the monthly payment for
a 20-year loan for $215,000 at 5.4% interest, compounded monthly?
42
A. $215 000 0.0045 (1+0.0045) 240
(1+0.0045)2 - 1
B.
O C.
D.
$215 000 0.0045(1-0.0045) 240
(1-0.0045) 20-1
$215 000 0.0045(1-0.0045) 240
(1-0.0045) ⁹⁰0 +1
240
$215 000 0.0045(1+0.0045) 24⁰
(1+0.0045) 20 +1
