Complete an amortization schedule for a $27,000 loan to be repaid in equal installments at the end of each of the next three yea
rs. The interest rate is 12% compounded annually. If an amount is zero, enter "0". Do not round intermediate calculations. Round your answers to the nearest cent.
1 answer:
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So wee need to find x
Answer:
Step-by-step explanation:
25 = 5*5 or -5 * -5
yes, that is correct. However, you forgot another property of roots. Roots are simply exponential fractions.
Therefore, can also be rewritten as:
. Notice that it cannot be -25 because that would be a negative square root which will give us an imaginary number.