Answer:
360
Step-by-step explanation:
Answer:
x = 24
Step-by-step explanation:
1/6 x + 3 = 7
1/6 x = 4
x = 24
Answer:
6.9%
Step-by-step explanation:
Interest rate is the one variable in an amortization formula that cannot be determined explicitly. An iterative solution is required, which means the computation must be done by a calculator, spreadsheet, or web site.
My TI-84 TVM Solver tells me that for the given loan amount and payment schedule, the APR is about 6.9%.