Answer:
the answer is in point 117.967
Answer:
(1,2) and slope = 0
Step-by-step explanation:
Look where the line crosses the y and because the line is parallel to the x the slope is equal to zero
We are given
P = <span>$1,945.61
r = 11.2%
Amin = $156
A = $300
First, we convert the interest to effective monthly terms
i = 11.2%/12 = 0.933%
After one month, the interest saved by paying more than the minimum is
</span>(0.00933) (300 - 156) = $1.35
Answer:
Step-by-step explanation:
