The present value (PV) of a loan for n years at r% compounded t times a year where there is equal P periodic payments is given by:

Given that <span>Beth
is taking out a loan of PV = $50,000 to purchase a new home for n = 25 years at an interest rate of r = 14.25%. Since she is making the payment monthly, t = 12.
Her monthly payment is given by:

Therefore, her monthly payment is about $611.50
</span>
Answer:
2 × 5 = 10
Step-by-step explanation:
The coefficient is 2 because it is being multiplied by the p.
Answer:
17.0625
Step-by-step explanation:
Due to order of operations the division and multiplication get done first and the we add the 12