Answer:
3x-4y=-40
Step-by-step explanation:
B. $271
Given,
Present value of the loan, PV = $ 6000,
Annual rate of interest = 8 % = 0.08,
So, the monthly rate of interest, r = ,
Also, time = 2 years,
So, the total number of months, n = 24,
Hence, the monthly payment would be,
Option B is correct.