Question

Which of these expressions can be used to calculate the monthly payment for
a 30-year loan for $195,000 at 6.6% interest, compounded monthly?

Answer 1

Answer:

1326632.865

Step-by-step explanation:

Answer 2

Answer:

$195P00*0.0055(1+0.0055)^360

____________________________

           (1+0.0055)^360-1