Question: What is the formula you would type into cell E2 (using all cell references) to compute the monthly payment of a car loan for $16,000

What is the formula you would type into cell E2 (using

What is the formula you would type into cell E2 (using all cell references) to compute the monthly payment of a car loan for $16,000 at 5% for 6 years? PMT=(1(1+12APR)nt)P12APR Choose the correct answer below. A. =(A2B2/C2)/1(1+B2/C2)(C2D2) B. =(A2B2/C2)/(1(1+B2/C2)C2D2) C. =(A2B2)/(C2/(1(1+B2/C2)(C2D2))) D. =(A2B2/C2)/(1(1+B2/C2)(C2D2))

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