Answer:
a) 4.4583 b) Fiona
Step-by-step explanation:
First find the average of the numbers by adding them all together then dividing them by the amount of numbers given:
Then find the difference between each number and the answer you got
Which is
Which comes out to
Answer:
<em>The monthly payment is $450.71</em>
Step-by-step explanation:
<u>Financial Computing </u>
Given the loan amount A, the loan term t, and the APR (annual percentage rate), the montly payment is computed as
where f is
The provided data is
Since the payments will be made monthly, the values of n and i are:
Calculating f:
Now for the payments: