What is
1 answer:
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Solution:
As per the problem
Maxine took out a loan for $3200 at 8% interest, compounded annually.
she makes yearly payments of $250.
she will be able to Payoff her loan iff yearly payments made is greater than yearly interest.
Interest payable in first year
Interest payable in first year
This payable interest will goes on increasing year on year.
Hence Maxine will never payoff the loan.
Answer:
In the ATTACHMENT
Step-by-step explanation:
For the first one, you can plug in multiple numbers of any kind for and start to form you line.
For the second one, know that the line is always horizontal. Find -3 on the plot that would be on the
and put that horizontal line on it.
<em>Hope this helps!!</em>
