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what value would you put for
In the monthly payment formula M = pr(1 +r)^n / (1 + r) -1, what value would you put for r
if the interest rate is 4.2%?
O A. 0.0035
O B. 0.42
O c. 4.2
O D. 0.0042​

Respuesta :

The value that would be put for r is; 0.042

Interest rates

We are given the monthly payment formula for present value as;

M = (Pr(1 + r)ⁿ)/(1 - r) - 1

Where;

P is Present Value

r is interest rate

n is number of times compounded

Now, we are told the interest rate is given as 4.2% and so we can write that; r = 4.2/100 = 0.042

Read more about interest rates at; https://brainly.com/question/1115815

Answer:0.004

Step-by-step explanation:

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