Answer:
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Answer:
Step-by-step explanation:
<u>Compound Interest</u>
This is a well-know problem were we want to calculate the regular payment R needed to pay a principal P in n periods with a known rate of interest i.
The present value PV or the principal can be calculated with
Solving for R
Where Fa is computed by
We'll use the provided values but we need to convert them first to monthly payments
Thus, each payment is
Answer:
6
Step-by-step explanation:
2+4 = 6
..............
Answer:
C = 25 + 3n
Step-by-step explanation:
Andre has a summer job selling magazine subscriptions.
We are told that:
Andy earns $25 per week plus $3 for every subscription he sells.
Let us represent
C = Total amount of money he makes this week
n = the number of magazine subscriptions Andre sells this week.
Hence, Our Algebraic expression =
C = $25 + $3 × n
C = 25 + 3n