To figure out how many yen all ya have to do is multiply 88.353 by 100 to get the answer 8835.3 yen.
Answer:
It is in the simplest form and cannot be simplified.
Step-by-step explanation:
N represents the number of payment periods. Supposing you arranged for a mortgage to buy a house; you'd have to make n payments of so many dollars per month to pay off the mortgage (the total amount due,with interest).
If the annual interest rate were r, and payments were due monthly (12 payments per year), then the monthly interest rate would be r/n = r/12. The typical 30-year mortgage involves monthly payments over a 30 year time span. This comes to 360 monthly mortgage payments.
