Answer:
The loan will be paid after 39 monthly installments.
Step-by-step explanation:
Since I am paying off a student loan in monthly installments, and after the 4th payment the remaining balance is $ 13,900, while after the 5th payment my remaining balance is $ 13,500, to determine the amount of payments in which the loan was agreed I must perform the following calculation:
13900 - 13500 = 400
400 x 5 = 2000
2000 + 13500 = 15500
15500/400 = 38.75
Thus, the loan will be paid after 39 monthly installments.
The answers is A. 60 degrees
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Below is the solution:
<span>E(X) = 50*1 - 3*8000/10000
E(X) = 50 - 24 = $26 per year</span>
We can plug in the values of this point to find b
-4 = 17 (3) +b
We will multiply 17 times 3
-4 = 51 + b
We then subtract by 51 on both sides
-55 = b
So the full equation will be
y = 17x - 55