The present value (PV) of a loan for n years at r% compounded t times a year where there is equal P periodic payments is given by:

Given that <span>Beth
is taking out a loan of PV = $50,000 to purchase a new home for n = 25 years at an interest rate of r = 14.25%. Since she is making the payment monthly, t = 12.
Her monthly payment is given by:

Therefore, her monthly payment is about $611.50
</span>
Answer:
6.7 to 26
Step-by-step explanation:
Answer:
When the line of the graph is going up
Step-by-step explanation:
When the line is going down that means its a exponential decay :)
1,400 it will be 20 qrtly making 80 a year time 5 years
Answer:
The step 4 is not what he should have done. But the wrong is step 5, because if he added -2x both sides, it would give the following equation:

and not 
Note that in step 4 he should have added 2x and not -2x to both sides, but we still have the equality. The problem is that step 5 is totally wrong.
I don't know what answer is expected to this question, but I would mark step 5, because this is mathematically wrong.
Solving the equation

Using distribution

Add
both sides


Add 12 both sides

Divide both sides by 5
