In calculating the monthly payment for a five-year loan, what value should be used for n, the number of periods over which the l oan is repaid, as it appears in the following formula? 2007-10-03-00-00_files/i0060000.jpg a. 5 b. 12 c. 60 d. 120
2 answers:
Answer:
The answer is actually C. 60
Answer:
<u><em>The answer is</em></u>: <u>c. 60.</u>
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Step-by-step explanation:
To calculate the monthly payment for 5 years, the 12 months of 1 year should be multiplied by the 5 years of the duration, which is equal to 60 = 5 x 12 .
<u><em>The answer is</em></u>: <u>c. 60.</u>
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Step-by-step explanation:
1) 15/60 = 3/12 = 1/4
2) 8/36 = 4/23
Solve for K by simplifying both sides of the equation, then isolate the variable.
K = 193
Answer:
33
Step-by-step explanation
22 divided by 2 is 11
it says four years ago so add 11 and 4 and that equals 15
she is 15 right now. then add 22 which is 37 and subtract 4 which your answer would be 33
