Answer:
its A, B, C or D
Step-by-step explanation:
it has to be one of them.
Present value of annuity PV = P(1 - (1 + r/t)^-nt) / (r/t)
where: p is the monthly payment, r is the APR = 14.12% = 0.1412, t is the number of payments in one year = 12, n is the number of years = 2.
1,120.87 = P(1 - (1 + 0.1412/12)^(-2 x 12)) / (0.1412 / 12)
0.1412(1120.87) = 12P(1 - (1 + 0.1412/12)^-24)
P = 0.1412(1120.87) / 12(1 - (1 + 0.1412/12)^-24) = $53.88
Minimum monthly payment = 3.15% of 1120.87(1 + 0.1412/12) = 0.0315 x 1120.87(1 + 0.1412/12) = $35.72
Therefore, his first payment will be greater than the minimum payment by 53.88 - 35.72 = $18.16
Answer:

Step-by-step explanation:
1) Expand by distributing terms.

2) Collect like terms.

3) Simplify.

<em><u>Therefor</u></em><em><u>,</u></em><em><u> </u></em><em><u>the</u></em><em><u> </u></em><em><u>answer</u></em><em><u> </u></em><em><u>is</u></em><em><u> </u></em><em><u>2w</u></em><em><u> </u></em><em><u>-</u></em><em><u> </u></em><em><u>7</u></em><em><u>.</u></em>
B should be correct
Hope that helped