Answer:
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Step-by-step explanation:
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Original debt = $589
APR = 29.99%
The monthly rate is 0.2999/12 = 0.02499
After 1 month:
Amount owed = 589*1.02499 = $603.72
5% payment = 0.05*603.72 = $30.187
New balance = $603.72 - 30.187 = $573.53
After 2 months:
Amount owed = 573.53*1.02499 = $587.87
5% payment = 0.05*587.87 = $29.39
New balance = 587.87 - 29.39 = $558.48
After 3 months:
Amount owed = 558.48*1.02499 = $572.44
5% payment = 0.05*572.44 = $28.62
New balance = 572.43 - 28.62 = $543.82
Answer: $543.82
Answer:
y = -5
Step-by-step explanation:
To find the slope , we use
m = (y2-y1)/(x2-x1)
3/2 = (-2-y)/(2-0)
3/2 = (-2-y)/2
Since the denominators are the same, the numerators have to be the same
3 = -2-y
Add 2 to each side
3+2 = -2-y+2
5 = -y
Divide each side by -1
5/-1 = -y/-1
-5 = y