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Nina [5.8K]
2 years ago
15

Match each equation with the number that makes it true. ITEM BANK: Move to Top 18 + s = 3327 = 9 · s40 - s = 235 · m = 35 18 s =

3 m 5 = 10m + 14 = 18 - mm + m + 12 = 22n + 7 = 18n - 9 = 22 11 31 7 50 15 17 3 6 5 2
Mathematics
1 answer:
Montano1993 [528]2 years ago
6 0
I’m not sure maybe someone else can help
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Answer:

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Step-by-step explanation:

The amortization formula is appropriate for this. (Better, use a financial calculator or spreadsheet.)

  A = P(r/12)/(1 -(1 +r/12)^-(12t))

where P is the amount borrowed (25,000), r is the annual rate (0.065), and t is the number of years (3).

Putting the given numbers into the formula, we have ...

  A = $25,000(0.065/12)/(1 -(1 +0.065/12)^(-36))

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The monthly payment is $766.23.

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<em>Comment on tools</em>

A graphing or scientific calculator is useful for these. Something like a TI-84, or any of the equivalents, will have financial calculations like this built in. There are also numerous apps available for phone or tablet that will do financial calculations.

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