Knowledge Check 01 If you borrow $30,000 from the bank for 5 years (60 months) at 12% interest, you would calculate the payment required at the end of each month by: Multiple Choice Multiplying $30,000 by the procent value of $t, where -12% and 5 O Dividing $30,000 by the present value of an ordinary annuity of $t, where = 1% and n-60 O O Diding 530.000 by the present value of an ordinary annuity of St. where -12% and 5 O Dividing 530,000 by the future value of an ordinary annuity of St, where and 1 60