Portia and her friends bought 8 pizzas. They initially ate one-third of the pizzas. Later
1 answer:
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Answer:
<em>The monthly payment is $450.71</em>
Step-by-step explanation:
<u>Financial Computing </u>
Given the loan amount A, the loan term t, and the APR (annual percentage rate), the montly payment is computed as
where f is
The provided data is
Since the payments will be made monthly, the values of n and i are:
Calculating f:
Now for the payments:
The characteristic solution follows from solving the characteristic equation,
so that
A guess for the particular solution may be
, but this is already contained within the characteristic solution. We require a set of linearly independent solutions, so we can look to
which has second derivative
Substituting into the ODE, you have
Therefore the particular solution is
Note that you could have made a more precise guess of
but, of course, any solution of the form
is already accounted for within 
.
so that
A guess for the particular solution may be
which has second derivative
Substituting into the ODE, you have
Therefore the particular solution is
Note that you could have made a more precise guess of
but, of course, any solution of the form