A student loan needs to be paid off beginning the first year after graduation. Beginning at Year 1, there is $52,000 remaining t
1 answer:
Answer:
The equation is:
Step-by-step explanation:
Given
Initial = 52000
Rate = 8000 each year
Required
Determine the equation of the graph
The equation can be determined using.
We used minus (-) because, the amount reduces as the student pays.
Let
So, we have:
Substitute values for Initial and Rate
Express as a function:
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