Brenda is a beautician who is opening her own salon. She needs $8,500 to purchase furniture and equipment. Brenda makes a 10% down payment and finances the balance on a 48 -month loan with an interest rate of 4% per year compounded monthly. What is Brenda's monthly payment? Part 1 of 2 Which formula should be used to find Brenda's monthly payment? Select all that apply. A. l=Prt B. A=P(1+rt) C. A=P(1+i)n,i=mr,n=mt D. reff=(1+mr)m1 E. reff=(A)1/t1 F,s=R[l(1+)n1] G. P=R[11(1+i)n] Part 2 of 2 What is Brenda's monthly payment? (Round the final answer to two decimal places.) Brenda is a beautician who is opening her own salon. She needs $8,500 to purchase furniture and equipment. Brenda makes a 10% down payment and finances the balance on a 48 -month loan with an interest rate of 4% per year compounded monthly. What is Brenda's monthly payment? Part 1 of 2 Which formula should be used to find Brenda's monthly payment? Select all that apply. A. l=Prt B. A=P(1+rt) C. A=P(1+i)n,i=mr,n=mt D. reff=(1+mr)m1 E. reff=(A)1/t1 F,s=R[l(1+)n1] G. P=R[11(1+i)n] Part 2 of 2 What is Brenda's monthly payment? (Round the final answer to two decimal places.)