Which of the following is the general term for the sequence a, -a, a, -a, . . . ?
1 answer:
You might be interested in
Answer:
$273.38 per month
Step-by-step explanation:
<u>Monthly Payment Formula</u>
where:
- PMT = monthly payment
- P = loan amount
- i = interest rate per month (in decimal form)
- n = term of the loan (in months)
Given:
- P = $19,500 - $4,000 = $15,500
- i = 2.25% / 12 = 0.0225 / 12
- n = 5 years = 60 months