A new employee charged $3980 on his credit card to relocate for his first job.After noticing that the interest rate for his bala
nce was 21% compounded monthly,he stopped charging on that account.his wishes to pay off his balance in 4 years using automatic payments at the end of each month.
A.what monthly payment must he make to pay off the account at the end of 4 years?
B.how much total interest will he have paid?
A.what monthly payment must he make to pay off the account at the end of 4 years?
B.how much total interest will he have paid?
1 answer:
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Answer: The graph is attached.
Step-by-step explanation: The given functions whose graphs are to be compared are as follows:
In the attached figure, the graphs of both (A) and (B) are shown. We can easily see see from there, the shapes of both the graphs are same.
But, at x = 0, y = ∞ and at x = ∞, y = 0 in graph (A).
At x = 0, y = ∞ and at x = ∞, y = 6 in graph (B).
Thus, the comparison can be seen in the figure very clearly.
