There are 31 days in january
Answer:
I'll setup the problem and you can compute the answer
Step-by-step explanation:
The formula for simple:
I = P*r*t
I = interest
P = loan amount
r = interest rate per period (period = days)
n = number of periods
P = 10,170
r = .0764/365
t = 272
Answer: 160,161,178
Step-by-step explanation: first it adds 17 to the equation then adds 1 repeat this process and you get these answers.
Total = 500 * ([(1 + .07)^26 -1] / .07) -500
Total = 500 * (<span><span>4.8073529249
</span>
/ .07) -500
</span>Total = 500 * (<span>68.6764703562) -500
</span>Total =
<span>
<span>
<span>
33,838.24
</span></span>
Source:
http://www.1728.org/annuity.htm
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