Step-by-step explanation:
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Your answer is 8x hope that helps
Answer:

Step-by-step explanation:
Given


Required
Determine the average change
This is calculated as follows:

This gives:


Convert to improper fractions

Convert to multiplication




Answer: The monthly payments for a $5,000 loan would $146.51.
Step-by-step explanation: How it looks in the TVM Solver formula:
N = 36 ( 3 (years) x 12 (monthly payments) )
I% = 3.5%
PV = $5,000
PMT = 146.51 (or 146.08 if you choose BEGIN)
FV = 0
P/Y = 12 (months)
C/Y = (12 (months)
PMT: <u>END</u> | BEGIN