Multiply her monthly payment by the number of months she paid so far:
567 x 48 = 27,216 paid so far.
Now add the amount she still owes:
27,216 + 1,250 = $28,466 total price.
Answer:
i think the values for a and b are: a=2 and b=1/4
First, calculate 18% of 23.
23 x 0.18 = 4.14
Then, add this value (the increase) to the original value of 23.
23 + 4.14 = 27.14
Rounding off, we get 27.
For the answer to the question above, I'll provide a computation to the problem given and it will look like this.
<span>
M = 2345 × (0.0204166667 (1 + 0.0204166667)^(12×7)) / ((1 + 0.0204166667)^(12×7) - 1)
So the answer is
M= </span><span>$58.61
I hope my answer helped you with your problem. Have a nice day!
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