Answer:
Katelyn's monthly payment for the loan is $ 2,032.52
Step-by-step explanation:
The formula given is explicit,we can solve for monthly payment using the below formula
P=L(1-r/r-r^n+1)
r=1/(1+i)
i=5.6%/12=0.47%
5.6% is an annual interest rate,it would be appropriate to restate in monthly terms
r=1/(1+0.47%)=0.995
n=5 years*12 months=60
L is the loan amount of $100,000
P=100000*(1-0.995)/(0.995-0.995^60+1)
=100000*(1-0.995)/(0.995-0.74)
=100000*0.005/0.246
=$ 2,032.52
Answer:
6
Step-by-step explanation:
15.50 x 6= 93 and 100-7=93 therefor its 6
Answer:B
Step-by-step explanation:
D ..................................................................................................................
Answer:
y = -1/2x + 4
Step-by-step explanation:
