<span>The signs of the values of m and b<span> are the same.</span></span>
Present value of annuity is given by PV = P(1 - (1 + r)^-n)/r
25230 = P(1 - (1 + 0.0671/12)^-36)/(0.0671/12)
P = 0.0671(25230) / 12(1 - (1 + 0.0671/12)^-36) = 775.69
Therefore, you pay 36 x 775.69 = $27,924.84 over the life time of the loan.
The line has a gradient of -5 and an intercept of -9.
so on a graph it would go 5 down and 9 across (towards the left of the graph)
The answer is D bc 16 times 2 is 32, not 30.
