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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
The equation of the line is (slope-intercept) y=
x+(-7) or (standard form) 
x+y=-7