Mathematics, 01.07.2019 02:00 journey888

You can use the formula p=a(i/1-(1+i)-n) monthly payment on a loan of a dollars that is paid back in equal monthly payments over n months. the variable i represents (annual interest rate 12). seki has a $4,000 student loan with an 8% annual interest rate which he is scheduled to pay off in 10 years. use the formula and a calculator to find seki’s monthly payment.

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You can use the formula p=a(i/1-(1+i)-n) monthly payment on a loan of a dollars that is paid back in...