Answer:
C. 16 months faster
Step-by-step explanation:
You can solve this using a Financial calculator( TI BA II plus in this case)
First, find number of months if recurring monthly payment is $38.50;
Amount borrowed ; PV = -950
Monthly rate ; I/Y = 7.2%/12 = 0.6%
Monthly payment; PMT = 38.50
Future value ; FV = 0
Total duration; press CPT, N = 26.785 OR 27 months
Next, find number of months if recurring monthly payment is $93;
Amount borrowed ; PV = -950
Monthly rate ; I/Y = 7.2%/12 = 0.6%
Monthly payment; PMT = 93
Future value ; FV = 0
Total duration; press CPT, N = 10.573 OR 11 months
Difference = 27 -11 = 16
Therefore, she would be able to pay off the loan 16 months faster.
The answer is sometimes. I hope this helps
Answer:
You would need 2.5
Step-by-step explanation:
You can use a porportion to solve.
(cross multiply and solve)
Answer:
2
Step-by-step explanation:
Because when solving the inequality you end up with 2
x
Answer:
please give me brainlist and follow
Step-by-step explanation:
You can think of independent and dependent variables in terms of cause and effect: an independent variable is the variable you think is the cause, while a dependent variable is the effect. In an experiment, you manipulate the independent variable and measure the outcome in the dependent variable.