Answer:
2 hours
Step-by-step explanation:
Slope represents the hourly rate.
Constant represents initial price.
What is the monthly payment on a 15-year loan of $57,900 if the annual interest rate is 12%?
1 answer:
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The equation for monthly payment is b = 49.05M.
<u>SOLUTION:</u>
Given, a cellular family phone plan cost $49 per minute plus five cents per minute of long distance service. We have to write an equation for the monthly payment b when M minutes of long distance service are used.
Now, given that,
<em>Equation:</em>
An equation is a statement that the values of two mathematical expressions are equal <em>(indicated by the sign =)</em>