Which of these expressions can be used to calculate the monthly payment for
a 25-year loan for $150,000 at 13.8% interest, compounded monthly?
O A.
OB.
$150 000 0.0115 (1+0.0115) 300
(1+0.0115) 3⁰0 +1
OD.
$150 000 0.0115(1-0.0115) 300
(1-0.0115) 300 -1
O C. $150 000 .0.0115 (1+0.0115) 3⁰⁰0
(1+0.0115) 300-1
$150 000 0.0115(1-0.0115) 3⁰⁰
300
(1-0.0115) 3⁰⁰ +1