Question

Financial Math
What’s the answer??
[No guessing]

Answer 1

`\boxed{\sf C}`

Explanation:

The formula for the payment on a loan is given:

`\displaystyle P=PV \cdot (i)/(1-(1+i)^(-n))`

n would represent the number of periods or years it will take to pay the loan back.

Answer 2

In the given formula n is the number of years the loan is out for.

The answer would be C.