Answer:
The tip should be $9.00
Step-by-step explanation:
Answer:
In the pic
Step-by-step explanation:
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Answer:
Loan payment = Loan amount / Discount factor
Number of Periodic Payments (n) = Payments per year times number of years. Periodic Interest Rate (i) = Annual rate divided by number of payments per. Discount Factor (D) = {[(1 + i) ^n] - 1} / [i(1 + i)^n]
Step-by-step explanation: