<em>The answer is below...</em>
A.
Answer:
B. 12 units
Step-by-step explanation:
Answer:
Step-by-step explanation:
Answer: 122 months.
Step-by-step explanation: The first step is to calculate the minimum monthly payment using the debt balance of $75,000 and 12% APR compounded monthly,which = $75,000 × 12% / 12 = $750 . The second step is to use the same $750 as payment, and using a discount rate of 4%/12, calculate the number of months required to pay off the present value (PV) of $75,000 , which = 122 months.
You can find this answer using the zero property of multiplication. The correct answer here would be 0 because when you multiply anything by zero, the answer will always be zero.<span />