Investors buy a studio apartment for $140,000. Of this amount, they have a down payment of
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Answer:
Step-by-step explanation:
Stare at the numbers. Especially the first two. First one is -11. Second is . Let's guess you keep multiplying.
. Smells correct, let's confirm with the last one:
. I think we found a pattern. Each element is 7 times the previous one. With some practice you can just write the function, else let's divide by -11 away and let's see what we get:
. Basically, the exponent is 1 less than the value we're evaluating the function. That leads tho the following
(See attached graphic)
Years = log (10,000 / 5,538.18) / [2 * log ( 1 + .059 / 2)]
Years = <span> log (<span>1.8056473426) / 2 * </span></span> log ( <span><span><span>1.0295 </span> </span> </span> <span>)
Years = </span>0.25663293307 / 2 * 0.012626350954
Years = 0.25663293307 / <span> <span> <span> 0.0252527019 </span> </span> </span> <span><span> </span> </span>
Years = <span> <span> <span> 10.1625930598 </span> </span> </span>
Years = log (10,000 / 5,538.18) / [2 * log ( 1 + .059 / 2)]
Years = <span> log (<span>1.8056473426) / 2 * </span></span> log ( <span><span><span>1.0295 </span> </span> </span> <span>)
Years = </span>0.25663293307 / 2 * 0.012626350954
Years = 0.25663293307 / <span> <span> <span> 0.0252527019 </span> </span> </span> <span><span> </span> </span>
Years = <span> <span> <span> 10.1625930598 </span> </span> </span>