Answer:
The answer is "".
Step-by-step explanation:
In the given statement the graph is missing. So, the correct solution to this question can be described as follows:
Given
graph point:
Line points:
The Formula of slope:
Assuming point: (x,y)
Graph point: (2,25)
M= 4
Equation:
I have another total loan payment formula (see attached):
Total = rate * principal * # of payments / (1-((1 + rate)^-n))
Total = .005 * 15,000 * 60 / (1- ((1.005)^-60)
Total = 4,500 / (1 -0.7413721962)
Total = 4,500 / 0.2586278038
Total = 17,399.52
I know that is NOT one of the answers but I am sure of the formula and the calculations. I hope this helps.
