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I You have borrowed $120,000 to buy a new motor home. Your loan is to be repaid over isyears at 8% compounded monthly. Calcul
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So it could be the $1600.8. please find the attachment for the same. The given options may be wrong.

C:(P(i+T)-P patmapal amoud No. an Hune we bau do Glulabe manthy Pmtuest ouk wiu au (1+%m) (1+ 0.08/0) 1.00666 7 -7 S0 190000

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