Given a mortgage of 48,000 for 15 years with a rate if 11%, what are the total finance charges
2 answers:
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Answer: second option.
Step-by-step explanation:
In order to solve this exercise, it is necessary to remember the following properties of logarithms:
In this case you have the following inequality:
So you need to solve for the variable "x".
The steps to do it are below:
1. You need to apply to both sides of the inequality:
2. Now you must apply the properties shown before:
3. Then, rounding to the nearest ten-thousandth, you get: