<span>B(n) = A(1 + i)^n - (P/i)[(1 + i)^n - 1]
where B is the balance after n payments are made, i is the monthly interest rate, P is the monthly payment and A is the initial amount of loan.
We require B(n) = 0...i.e. balance of 0 after n months.
so, 0 = A(1 + i)^n - (P/i)[(1 + i)^n - 1]
Then, with some algebraic juggling we get:
n = -[log(1 - (Ai/P)]/log(1 + i)
Now, payment is at the beginning of the month, so A = $754.43 - $150 => $604.43
Also, i = (13.6/100)/12 => 0.136/12 per month
i.e. n = -[log(1 - (604.43)(0.136/12)/150)]/log(1 + 0.136/12)
so, n = 4.15 months...i.e. 4 payments + remainder
b) Now we have A = $754.43 - $300 = $454.43 so,
n = -[log(1 - (454.43)(0.136/12)/300)]/log(1 + 0.136/12)
so, n = 1.54 months...i.e. 1 payment + remainder
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Answer:
4/12 simplified to 1/3.
Step-by-step explanation:
4/16 x 4/3 = 4/12
4/12 = 1/3
The distance formula is given by:
We are given two points A and B as
A(1,1) and
B(7,-7)
so we have ,
x1 = 1 , y1=1
x2= 7 and y2=-7
Plugging these in the formula we have:
d=√(36+64)
d=√100
d=10
Answer: The distance between A(1,1) and B(7,-7) is 10
You get 8 if you round up from 8.041451517
and 8 cubed is 512
but if you round from 8.041451517 to 8.04, and you cube it, it equals 519.718464
and if you round that up it would equal 520
or 519.71
so it depends on how you do it