Help! explanation pls!!
1 answer:
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First month payment = $75
The amount to pay increases compound for the next 11 months
Number of months left on the instalment plan is 11 months
The increase is 6% = 0.06
Let F be final value and X be the value paid at the beginning of instalment, then
, where 'n' is the number of months left to be paid
The amount to pay increases compound for the next 11 months
Number of months left on the instalment plan is 11 months
The increase is 6% = 0.06
Let F be final value and X be the value paid at the beginning of instalment, then