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WITCHER [35]
2 years ago
7

What is the formula for this problem?

Mathematics
2 answers:
Gelneren [198K]2 years ago
8 0

Answer:

the problems with the character will say that is kind

zhenek [66]2 years ago
7 0

Answer:

for what problem?

Step-by-step explanation:

???????????????????

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34. A MasterCard statement shows a balance of $510 at 13.9% compounded monthly. What monthly payment will pay off this debt in 1
bixtya [17]

Answer:

The monthly payment is $35.10.

Step-by-step explanation:

p = 510

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The EMI formula is :

\frac{p\times r\times(1+r)^{n} }{(1+r)^{n}-1 }

Now putting the values in formula we get;

\frac{510\times0.011583\times(1+0.011583)^{16} }{(1+0.011583)^{16}-1 }

=> \frac{510\times0.011583\times(1.011583)^{16} }{(1.011583)^{16}-1 }

= $35.10

Therefore, the monthly payment is $35.10.

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