Pls help really quickly tyy
1 answer:
You might be interested in
I have another total loan payment formula (see attached):
Total = rate * principal * # of payments / (1-((1 + rate)^-n))
Total = .005 * 15,000 * 60 / (1- ((1.005)^-60)
Total = 4,500 / (1 -0.7413721962)
Total = 4,500 / 0.2586278038
Total = 17,399.52
I know that is NOT one of the answers but I am sure of the formula and the calculations. I hope this helps.
Answer:
D. 21/2
Step-by-step explanation:
We simply have to evaluate the first three terms based on the progression's formula:
t= 1, the first term is 8, as we see:
t=2, the second term is 2, as we see:
t=3, the third term is 1/2, as we see:
The sum of the first 3 terms is then: 8 + 2 + 1/2 = 10 1/2
Among the answer choices, D. 21/2, which is 10 1/2.