Answer:
I'll setup the problem and leave the computation to you
Step-by-step explanation:
The equation to calculate fixed payments
P= payments
r = interest rate for the period (which is a quarter )
PV = present value (or the amount borrowed)
n = number of periods
r = .25/4 (4 months = quarter of a year)
n = 4*10
PV = R450550.00
if you have questions, put them in the comment
Answer:
Step-by-step explanation:
Since the value of the car decreases by a common factor each year, the decay is exponential.
An exponential decay function is of the form
Therefore, the function modeling the car's decay is:
We want to determine the car's value in two years.
When t=2
The value of the car in 2 years will be A(t)=$9109.10
Answer:
this answer is for functional value only
