Please help :) I’m really in need of assistance and would appreciate it.
1 answer:
Answer:
Step-by-step explanation:
Set up an equation to model the situation,
Distribute, multiply each term in the parenthesis with the term outside of the parenthesis. Don't forget the laws of exponents, when one multiplies two exponents, with the same base, then one adds the two exponents. A number with no exponential term is two the first degree meaning that it is to the power of one.
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Susan's monthly payment will be $117.93.
We have Susan take out a personal loan for $3,500 at an interest rate of 13% compounded monthly.
P=3500
r=30%
t=3
<h3>What is the amortization formula?</h3>
Where A is the payment,
P= principal,
r =the annual interest rate
t is the number of years.
use the given value in the formula we get
A=117.9288
A= 117.93
Susan's monthly payment will be $117.93.
To learn more about the monthly payment visit:
Answer:
<h2>The answer is - 16</h2>Step-by-step explanation:
<h3>where
n is the number of terms
From the question since we are finding the 5th term
n = 5
Substitute the value into the above formula and solve
We have
We have the final answer as
<h3>- 16</h3>Hope this helps you