First move the 4y to the right and the 1 to the left:
4y=5x-1
Then divide everything by 4:
y=5/4 x - 1/4
1/6 = 0.16
1/8 = 0.125
1/11 = 0.09
2/9 = 0.22
4/5 = 0.8
5/9 = 0.56
1/2 = 0.5
7/9 = 0.78
For 18% it will take 2 years to pay
For 3 years payment will be $36.50
For 14% it will take 1.9 years or 23 months
Answer:
cos beta = 3 /5 ............