Craig just purchased a new car. He financed $45000 and must pay it back over 5 years with 11% interest. a) How much will craig h
2 answers:
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Answer:
If you compare this to , then
and
.
Step-by-step explanation:
We are given and we are asked to find the value of
.
So we will need to find .
Square both sides:
Expand using identity: .
Let's go back to the full .
If you compare this to , then
and
.