You would save $2447.40 for the emergency fund
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:
2 hours and 45 minutes. or 165 minutes
Step-by-step explanation:
<u>Comment</u>
If I don't know what was before the comma in M(, –1) I can't solve this
