Which choice is equivalent to the expression below?
2 answers:
Hello! The answer should be B: 6i
. Since the square root is above a negative, an imaginary number would come out. Because of this, you can easily recognize that it would be B.
However, if you can't, you could use the calculator to check (ignoring the negatives), 6 is equal to 
.
The final answer should be B.
However, if you can't, you could use the calculator to check (ignoring the negatives), 6
The final answer should be B.
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Answer:
6.9%
Step-by-step explanation:
Interest rate is the one variable in an amortization formula that cannot be determined explicitly. An iterative solution is required, which means the computation must be done by a calculator, spreadsheet, or web site.
My TI-84 TVM Solver tells me that for the given loan amount and payment schedule, the APR is about 6.9%.
