Answer:
C. 16 months faster
Step-by-step explanation:
You can solve this using a Financial calculator( TI BA II plus in this case)
First, find number of months if recurring monthly payment is $38.50;
Amount borrowed ; PV = -950
Monthly rate ; I/Y = 7.2%/12 = 0.6%
Monthly payment; PMT = 38.50
Future value ; FV = 0
Total duration; press CPT, N = 26.785 OR 27 months
Next, find number of months if recurring monthly payment is $93;
Amount borrowed ; PV = -950
Monthly rate ; I/Y = 7.2%/12 = 0.6%
Monthly payment; PMT = 93
Future value ; FV = 0
Total duration; press CPT, N = 10.573 OR 11 months
Difference = 27 -11 = 16
Therefore, she would be able to pay off the loan 16 months faster.
Answer:
672
Step-by-step explanation:
anything lower then 5 or in this case 50 would round down so 649 rounds to 600 anything higher would round up 672 to 709 763 to 800 and 751 to 800
Use the line. line it up line up the triangle
Answer:
yes
Step-by-step explanation:
take for example
in the expression: 3x²+5x+2=0,
the coefficients here are +3 and +5 while +2 is a constant. +3 and +5 are coefficients of the variables x² and x respectively