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4 years ago

PLEASE HELP!!!!

2 answers:

7 0

Just in case you did not see it on the other question.
5 months

Month 1: $375 Mini $3.15 Murk
Month 2: $375 Mini $3.15 Murk
Month 3: $165.58 Mini $209.42 Murk
Month 4: $375 Murk
Month 5: $87.36 Murk

Ket [755]4 years ago

4 0

Answer:

The Last payment would be 5th month.

Step-by-step explanation:

Mini

Month Opening Interest 5.6% Amount Payment Closing

Balance including interest Balance

1 902.43 7.40744625 909.8374 375 534.8374

2 534.8374 4.390124038 539.2276 375 164.2276

3 164.2276 1.348034639 165.5756 375 -209.424

Murk

Month Opening Interest 5.6% Amount Payment Closing

Balance including interest Balance

1 675.49 3.152286667 678.6423 0 678.6423

2 678.6423 3.166997338 681.8093 0 681.8093

3 681.8093 3.181776659 684.9911 209.424 475.5671

4 475.5671 2.21931295 477.7864 375 102.7864

5 102.7864 0.479669744 103.266 375 -271.734

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