<span>B(n) = A(1 + i)^n - (P/i)[(1 + i)^n - 1]
where B is the balance after n payments are made, i is the monthly interest rate, P is the monthly payment and A is the initial amount of loan.
We require B(n) = 0...i.e. balance of 0 after n months.
so, 0 = A(1 + i)^n - (P/i)[(1 + i)^n - 1]
Then, with some algebraic juggling we get:
n = -[log(1 - (Ai/P)]/log(1 + i)
Now, payment is at the beginning of the month, so A = $754.43 - $150 => $604.43
Also, i = (13.6/100)/12 => 0.136/12 per month
i.e. n = -[log(1 - (604.43)(0.136/12)/150)]/log(1 + 0.136/12)
so, n = 4.15 months...i.e. 4 payments + remainder
b) Now we have A = $754.43 - $300 = $454.43 so,
n = -[log(1 - (454.43)(0.136/12)/300)]/log(1 + 0.136/12)
so, n = 1.54 months...i.e. 1 payment + remainder
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Answer:
Step-by-step explanation:instead, try making the subscripts and superscripts stand out:
n-1
a = a * r
n n-1
Believe me, it's worth the extra work to do this!!
Given the sequence -3, -6, -12, -24, you can easily see that the first term,
a is -3. The common factor is 2. Note how (-3)*2=-6, and so on.
1
So, a = -3 and r=2.
1
So the formula for this geometric sequence is
n-1
a = -3*2
n
The answer is B.
remember to use the reciprocal when dividing with fractions
Step-by-step explanation:
6 percent of 350 is 21. 21 plus 350 is 371, therefore the answer is 371.
Brainliest? :)
Answer:
The answer is D.
Step-by-step explanation:
She forgot to find the square root of 7225.
