Help me with this plsss 40 pointsss
1 answer:
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Answer:
a) The value of the Annual Payment is A=$17,258.80
b) Is the picture in the attachment file
c) As you can see it in the picture with each payment, balance comes down, due it is the interest base, Interest portion comes down too.
Step-by-step explanation:
Hi
a) First of all, we are going to list the Knowns: ,
% and
, Then we can use
. So this is the value of the Annual Payment
Answer:
2
Step-by-step explanation:
we start simplifying by removing the parenthesis
Multiply the exponents inside the the parenthesis
3^4 * 2^4
Now we apply exponential property
a^m * a^n = a^ (m+n)
3^4 * 3^-3 = 3^ (4-3) = 3^1
3 or 3^1 are same
3^1 at the top and bottom so we cancel it out
\frac{2^4}{2^3}
we apply log property . a^m / a^n = a^m-n
Now subtract the exponents
2^(4-3) = 2^1 = 2