3 years ago

Please help! Multiple choice! I will give 20 points!

Mathematics

2 answers:

love history [14]3 years ago

8 0

her payment would be 4.$583.45

blagie [28]3 years ago

3 0

Hi there
First find the amount of the loan
107,820−107,820×0.15
=91,647
now find the monthly payment using the formula of the present value of annuity ordinary
Pmt=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
Pmt=91,647÷((1−(1+0.065÷12)^(
−12×25))÷(0.065÷12))
=618.81 ....answer

Closed to option 2

Hope it helps

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