Answer: P = 2716.3448786 or about 2700
Step-by-step explanation:
Answer:
a) 6 17/20
b) 10 31/60
Step-by-step explanation:
a) 9 2/20 - 2 1/4 = 137/20 = 6 17/20
b) 6 17/20 + 3 2/3 = 631/60 = 10 31/60
Answer:
Ok
Step-by-step explanation:
The answer is indeed 3,725.90. The reason why is because <span>with each adjustment, you take the remaining balance and calculate a fixed rate loan for the remaining time period at the new rate. When you follow that procedure with the data you already have, you get that answer.</span>