Answer:
f(- 10) = 74
Step-by-step explanation:
To find f(- 10) , substitute n = - 10 into f(n) , that is
f(- 10) = - 7(- 10) + 4 = 70 + 4 = 74
We are given
P = <span>$1,945.61
r = 11.2%
Amin = $156
A = $300
First, we convert the interest to effective monthly terms
i = 11.2%/12 = 0.933%
After one month, the interest saved by paying more than the minimum is
</span>(0.00933) (300 - 156) = $1.35
