The weekly payment on a 4-year loan at 6.8% compounded weekly is $321.09. Calculate the amount of the loan. Identify the appropriate formula needed to calculate the amount of the loan. Select the correct choice below and fill in the answer boxes to complete your choice. (Type integers or decimals. Round to two decimal places as needed.) A. F= (1+i)" - 1 OB. P=. OC. P= F ..R₂ with F=$. n= and i=% with P = $ 1-(1+i)n n= •R, with n= and i= % i= %, and R=S

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The weekly payment on a 4-year loan at 6.8% compounded weekly is $321.09. Calculate the amount of the
loan.
Identify the appropriate formula needed to calculate the amount of the loan. Select the correct choice below
and fill in the answer boxes to complete your choice. (Type integers or decimals. Round to two decimal
places as needed.)
A. F=
OB.
P=
O C. P=
(1+i)^ - 1
F
(1 + i)^
- • R, with F = $, n=[ and i=%
with P = $ n=
1-(1+i)n
i
•R, with n=
and i=
%
i= %, and R=$
Transcribed Image Text:The weekly payment on a 4-year loan at 6.8% compounded weekly is $321.09. Calculate the amount of the loan. Identify the appropriate formula needed to calculate the amount of the loan. Select the correct choice below and fill in the answer boxes to complete your choice. (Type integers or decimals. Round to two decimal places as needed.) A. F= OB. P= O C. P= (1+i)^ - 1 F (1 + i)^ - • R, with F = $, n=[ and i=% with P = $ n= 1-(1+i)n i •R, with n= and i= % i= %, and R=$
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