The video suggests you consider these 4 things before deciding to take out a loan: Is it necessary? Do the monthly payments fit
2 answers:
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Answer:
The present value of K is,
Step-by-step explanation:
Hi
First of all, we need to construct an equation system, so
Then we equalize both of them so we can find
To solve it we can multiply to obtain
, then we have
.
This leads to a third-grade polynomial , after computing this expression, we find only one real root
.
Finally, we replace it in (1) or (2), let's do it in (1)