单选题
You borrow $15000 to buy a car. The loan is to be paid off in monthly payments over 5 years at 12 percent annual interest. What is the amount of each payment?
A. $ 456.
B. $ 334.
C. $ 546.
A
B
C
D
【正确答案】
B
【答案解析】
I=12/12=1; N=5×12=60; PV=15000; CPT→PMT=333.67.
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