Answer:
17*2^11
Step-by-step explanation:
Lets start by remembering two property of power.
That is important to remember since 4= 2^2. Hence, the given problem can be written as the following
debt payments of $800 due now and $1400 due in 5 months are to be repaid by a payment of $1000 in 3 months and a final payment i
1 answer:
Answer:
$1,304.70
Step-by-step explanation:
If interest 6% annually, monthly is 0.5%.
The debt in 5 months will be 800 plus compounded interest for 5 months plus new due debt
In 3 more months the debt will be 2220.201 plus compounded interest for 3 months minus payment
After 8 months the debt would be 1253.67 plus compounded interest for 8 months
Then the size of the final payment would be $1,304.70
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