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Rus_ich [418]
3 years ago
11

Use the given formula to solve the following problem: When the amount financed is $15,480, the monthly payment is $621.33, and t

he monthly interest rate is 0.00583, how long do you have to pay? n = log of the quantity P divided by the quantity P minus eh R, divided by the log of the quantity 1 plus r
Mathematics
1 answer:
snow_lady [41]3 years ago
7 0
15480=621.33[(1-(1+0.00583)^(-X))/0.00583]
Solve for x
X=26.9=27
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