Given:
PV = 13,440
i = 5.86% , compounded monthly
t = 4 years
13,440(0.0586/12))/(1-(1+0.0586/12)^-48= 15,109.44
15,109.44 + 156.60 = 15,266.04
15,266.04 - 13,440.00 = 1,826.04
<span>1,826.04/15,266.04 = 11.96 % Percentage total of Finance Charge of the total loa</span>
174 is equal to 174 if thats what the last one means
Answer:
924
Step-by-step explanation:
i multiply 14 by 11 and then by 6
they amount of money are not the same
reason why;
the reason why its not the same is because 2x8x9=144 and 3x9x12=324 and the amount of money spent is different
