<span>B(n) = A(1 + i)^n - (P/i)[(1 + i)^n - 1]
where B is the balance after n payments are made, i is the monthly interest rate, P is the monthly payment and A is the initial amount of loan.
We require B(n) = 0...i.e. balance of 0 after n months.
so, 0 = A(1 + i)^n - (P/i)[(1 + i)^n - 1]
Then, with some algebraic juggling we get:
n = -[log(1 - (Ai/P)]/log(1 + i)
Now, payment is at the beginning of the month, so A = $754.43 - $150 => $604.43
Also, i = (13.6/100)/12 => 0.136/12 per month
i.e. n = -[log(1 - (604.43)(0.136/12)/150)]/log(1 + 0.136/12)
so, n = 4.15 months...i.e. 4 payments + remainder
b) Now we have A = $754.43 - $300 = $454.43 so,
n = -[log(1 - (454.43)(0.136/12)/300)]/log(1 + 0.136/12)
so, n = 1.54 months...i.e. 1 payment + remainder
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Step-by-step explanation:
X + 9= 7
get x by itself you -9 on both sides
X + 9 = 7
- 9. -9
X = -2
Answer:
Step-by-step explanation: 474747-4747474-
Answer:
The slope is 3/2 and the y intercept is 4
Step-by-step explanation:
We want to write in the form
y = mx+b where m is the slope and b is the y intercept
-3x+2y = 8
Add 3x to each side
-3x+3x+2y = 3x+8
2y = 3x+8
Divide each side by 2
2y/2 = 3x/2 + 8/2
y = 3/2x +4
The slope is 3/2 and the y intercept is 4
72 is dividable by 3. It is divisible by 3 because when you add 7 and 2, you get 9. According to the tests for divisibility, if the sum of the digits is divisible by 3, then the whole number is. 9 is divisible by 3, therefore 72 is as well.