How many more monthly payments are made for a 5 year loan than a 2 year loan
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Answer:
<h2>The value ofStep-by-step explanation:
The given equation is formed by different variables, where indicates the period of time in years where the rate of inflation is calculated.
In this case, we have a period from 1980 to 2011. The difference between these years would be the period of time used to find the inflation rate.
Therefore, the value of is 31 years.
1.3 x 0.4 x 2 = 1.04
0.5 x 0.4 = 0.2
(
(0.5 x 1.2)) x 2 = 0.6
1.04 + 0.2 + 0.6 = 1.84m²
0.5 x 0.4 = 0.2
(
1.04 + 0.2 + 0.6 = 1.84m²