This question can be approached using the present value of annuity formula. The present value of annuity is given by

, where: PV is the present value/amount of the loan, P is the periodic (monthly in this case) payment, r is the APR, t is the number of payments in one year and n is the number of years.
Given that the<span> financing is for a new road bike of $2,500 and that the bike shop offers a 13.5% APR for a 24 month loan.
Thus, PV = $2,500; r = 13.5% = 0.135; t = 12 payments (since payment is made monthly); n = 2 years (i.e. 24 months)
Thus,
</span>

<span>
Therefore, his monthly payment is $119.44</span>
102, 112, 120-129, 132, 142, 152, 162, 172, 182, 192, 200-299, 302, 312, 320-329, 332, 342, 352, 362, 372, 382, 392
2+10+7+100+2+10+7
138 integers.
70% I divided 28/40 and you get 70% after multiplying by 100
Answer:
it should be C.188.4
Step-by-step explanation:
i hope it helps :) <3