What is my amortized payment if I pay off a $15,000 loan in 48 months by making

Question

What is my amortized payment if I pay off a $15,000 loan in 48 months by making equal monthly payments if the lender is charging 4.5% APR ? (Assume a 360-day calendar )
A) $399.01 B) $401.22 C) $342.05 D) $376.64 What is my amortized payment if I pay off a $15,000 loan in 48 months by making equal monthly payments if the lender is charging 4.5% APR ? (Assume a 360-day calendar )
A) $399.01 B) $401.22 C) $342.05 D) $376.64
A) $399.01 B) $401.22 C) $342.05 D) $376.64 A) $399.01 B) $401.22 C) $342.05 D) $376.64

Explanation / Answer

payment

=15000/((1-(1+(4.5%/12))^(-48))/(4.5%/12))

=342.05

the above is the answer based on data.....

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