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Troy took out a loan for $1850 at a 9.6% APR, compounded monthly, to buy a television. If he will make monthly payments of
Troy took out a loan for $1850 at a 9.6% APR, compounded monthly, to buy a television. If he will make monthly payments of $102.50 to pay off the loan, which of these groups of values plugged into the TVM Solver of a graphing calculator could be used to calculate the number of payments he will have to make? OA. N=; 1% = 9.6; PV=-1850; PMT-102.5; FV=0; P/Y=12; C/Y=12; PMT:END B. N=1% = 0.8; PV=-1850; PMT=102.5; FV=0; P/Y=1; C/Y=12; PMT:END OC. N= 1% = 0.8; PV=-1850; PMT-102.5; FV=0; P/Y=12; C/Y=12; PMT:END
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