If you borrow $30,000 from the bank for 5 years (60 months) at 12% interest, you would calculate the payment required at the end of each month by:
a. Multiplying $30,000 by the procent value of $1, where I=12% and n=5
b. Dividing $30,000 by the present value of an ordinary annuity of $1, where = 1% and n=60
c. Diding 530.000 by the present value of an ordinary annuity of St. where $1% and n=5
d. Dividing 530,000 by the future value of an ordinary annuity of St, where $1% and 1=60