Answer:
Step-by-step explanation:
so if you put Ln(0.99) into your calculator it gives you a negative answer. so we know that this problem will be decay.
next the answer for the above looks like 0.010050 ... so it's 1.0% for each x
First you add250+250 then you add 9+9 or you could do250×9 2 times then add them together . never mind just do 250×9 2times and that will eqaul 2,250 then add 2250+ 2250and you got the answer and the answer is 4500
Answer:
$478.06
Step-by-step explanation:
let's first start out by figuring out the present value of the loan
((20540*1.0825)+955+57)-3900
Which gives me a value of 23246.55
I'm then going to assume that the 8.6% is a nominal interest rate meaning that the effectively monthly rate is equal to .086/12=.0072
Which means we have
23246.55=X(a angle 60 at .0072) (i'm using annuities to solve this if you don't know what this is just ask)
Solve this and get $478.06
