Answer:
$72,100
Step-by-step explanation:
To calculate the total principal+interest payment, you can use the formula to find the future value:
FV=PV(1+i)^n
FV= Future value
PV= Present value= $58,200
i= Interest rate= 7.40%
n= Number of periods of time= 3 years
Now, you can replace the values on the formula:
FV=58,200*(1+0.0740)^3
FV=58,200*(1.0740)^3
FV=72,100
According to this, the answer is that the total principal + interest payment will be $72,100.
You do not have the options listed, but I will tell you what the line needs:
[] A parallel line will need the same slope.
- The slope is our m in y = mx + b
[] What will this be for our problem:
- 
- Our slope is 
[] So what will the line look like:
- 
- Since you do not have the options listed, I cannot tell you the answer, but I can tell you the answer will have a slope of 
Have a nice day!
I hope this is what you are looking for, but if not - comment! I will edit and update my answer accordingly. (ノ^∇^)
- Heather
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