Answer:
The 3rd term would be the parenthesis to the 7th power.
Answer:
D
Step-by-step explanation:
she refuses to pay because the owners of the place shes living is supposed to fix damage and they have not done so she refuses to pay the rent.
Given the formula for future value annuity:
FV of annuity=P[(1+r)^n-1]/r
where:
P=principle
r=rate
n=time
the time taken to repay the loan will be:
1500=90[(1+0.06)^n-1]/0.06
90=90[(1+0.06)^n-1]
1=(1+0.06)^n-1
1+1=(1+0.06)^n
2=1.06^n
introduce natural log
ln2=nln1.06
n=ln2/ln1.06
n=11.8957=12 years
the answer is 12 years.
