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>
Answer:

Step-by-step explanation:
Equation of a line is given as:
y = mx + b
Where
m is the slope
and
b is the y-intercept (y-axis cutting point)
Since we know slope is -4, we can write:
y= mx + b
y = -4x+ b
Given the point (-2,7) , we can say:
x = -2
and
y = 7
Plugging these 2 values, we can solve for b:
y = -4x + b
7 = -4(-2) + b
7 = 8 + b
b = 7 - 8
b = -1
Now, we have the equation:

Ten thousand your welcome
Take 2 divided by 5 to convert them both into decimals then compare them