Answer:
F = $13,802.31
she can finance $13,802.31 with this loan.
Step-by-step explanation:
Given;
Rate r = 7% = 0.07
Time t = 4 years
Payment per month MP = $250
Number of months per year n = 12
This can be solved using compound interest for future value series formula;
F = future value
F = MP(((1 + r/n)^(nt) - 1)/(r/n))
Substituting the given values, we have;
F = $250(((1 + 0.07/12)^(12×4) - 1)/(0.07/12))
F = $13,802.31
Answer:
Step-by-step explanation:
Answer:
11.46 I believe
Step-by-step explanation:
Answer:
Forgive me if I am wrong, but I beleive the answer is F
Step-by-step explanation:
Answer:
Well no cheating not from me
Step-by-step explanation:
