In an installment loan, a lender loans a borrower a principal amount P, on which the borrower will pay a yearly interest rate of i (as a fraction, e.g. a rate of 6% would correspond to i=0.06) for n years. The borrower pays a fixed amount M to the lender q times per year. At the end of the n years, the last payment by the borrower pays off the loan.
After k payments, the amount A still owed is
<span>A = P(1+[i/q])k - Mq([1+(i/q)]k-1)/i,
= (P-Mq/i)(1+[i/q])k + Mq/i.
</span>The amount of the fixed payment is determined by<span>M = Pi/[q(1-[1+(i/q)]-nq)].
</span>The amount of principal that can be paid off in n years is<span>P = M(1-[1+(i/q)]-nq)q/i.
</span>The number of years needed to pay off the loan isn = -log(1-[Pi/(Mq)])/(q log[1+(i/q)]).
The total amount paid by the borrower is Mnq, and the total amount of interest paid is<span>I = Mnq - P.</span>
<em><u>Answer:</u></em>
I'm assuming this is a <em>combining like terms</em> question, in which case the answer would be 6n - 3c.
<u><em>Step-by-step explanation:</em></u>
I'm guessing your teacher wants you to combine the like terms, and 1n plus 5n = 6n, minus 3c is the answer, which is 6n - 3c. If your teacher wanted you to solve for each variable, you can't do that because you don't have enough information, and there's an infinite number of solutions.
<em>Hope this helps! Feel free to give me Brainliest if you feel this helped. Have a good day, and good luck on your test. :)</em>
Divide -3 from both sides leaving you with just m
make sure you switch the inequality sign
Answer:
Special Research Grants
Step-by-step explanation:
The answer is C) 0
Because math
