Pam borrowed $0.45 from her friend Tina for five days to buy candy bars. Represent the amount that pam borrowed as the product o
1 answer:
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Answer:
a) The value of the Annual Payment is A=$17,258.80
b) Is the picture in the attachment file
c) As you can see it in the picture with each payment, balance comes down, due it is the interest base, Interest portion comes down too.
Step-by-step explanation:
Hi
a) First of all, we are going to list the Knowns: ,
% and
, Then we can use
. So this is the value of the Annual Payment
