A movie theater charges 15 for standard viewing , 20 for 3D viewing , and $35 for Dinner and a Movie viewing . There are four ti
1 answer:
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Answer:
monthly payment is $377
C is the correct option.
Step-by-step explanation:
The formula for the monthly payment is given by
Given that,
P = $20,000
n = 5 years = 60 months
r = 0.05
Substituting these values in the formula
On simplifying, we get
Therefore, the monthly payment is $377
C is the correct option.