Is this problem is about solving for h? If it is, here is the answer:
Answer:a constant term is a term in an algebraic expression that has a value that is [constant function|constant]] or cannot change
Step-by-step explanation:
Hi there
The formula is
A=p (1+r)^t
A future value 11700
P present value 900
R interest rate 0.0875
T time?
We need to solve for t
T=log (A/p)÷log (1+r)
So
T=log(11,700÷900)÷log(1+0.0875)
T=30.6years round your answer to get
T=31 years
Hope it helps
(1-0.15)=0.85
0.85 (155.25)=131.962
estimated answer
131.962 is about $132.00
