Cristina financed a $799 laptop with a 7.2% interest rate on a 2-year loan. If she can afford to make a $75 payment, how quickly
1 answer:
Your question is missing some elements but to answer the question I have to make an assumption.
Assuming that she make a monthly payment of $75.
The value of an loan at the end of the two year is given by
where PV = $799, r = 7.2% = 0.072 and n = 2 years.
Thus,
If she makes a monthly payment of $75, the number of months it will take her to pay off for her laptop is given by
Therefore, it will take her 13 months to pay off for the laptop.
Assuming that she make a monthly payment of $75.
The value of an loan at the end of the two year is given by
where PV = $799, r = 7.2% = 0.072 and n = 2 years.
Thus,
If she makes a monthly payment of $75, the number of months it will take her to pay off for her laptop is given by
Therefore, it will take her 13 months to pay off for the laptop.
You might be interested in
Using equivalent angles, the solutions to the equation are given as follows:
Each angle on the second, third and fourth quadrants will have an equivalent on the first quadrant.
In this problem, the equation is:
Applying the inverse relation:
Which is on the third quadrant. The equivalent angle on the fourth quadrant is given as follows:
More can be learned about equivalent angles at brainly.com/question/28025397
#SPJ1