3 years ago

Use the diagram of a T with an arrow, as shown.

Mathematics

1 answer:

mote1985 [20]3 years ago

3 0

Answer:

After each rotation of the figure after giving

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babymother [125]

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<em>The monthly payment is $450.71</em>

Step-by-step explanation:

<u>Financial Computing </u>

Given the loan amount A, the loan term t, and the APR (annual percentage rate), the montly payment is computed as

$\displaystyle P=\frac{A}{f}$

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$\displaystyle f=\frac{1-(1+i)^{-n}}{i}$

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$\displaystyle r=4.8\%$

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Calculating f:

$\displaystyle f=\frac{1-(1+i)^{-n}}{i}$

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$\displaystyle P=\frac{24.000}{53.25}=450.71$

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