Mathematics, 20.11.2019 20:31 genyjoannerubiera

Lee wanted to compute the monthly payment on a 2-year, $8,400 loan at an
apr of 3.07%. she entered the keystrokes at the right on her calculator. the
display gives an answer of 48, which lee knows is incorrect. explain what her
error was.
8400 (0.0307/12) (1+0.0307/12)^24/(1+0.0307/12)^24-1 1

Answers: 1

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Lee wanted to compute the monthly payment on a 2-year, $8,400 loan at an
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Lee wanted to compute the monthly payment on a 2-year, $8,400 loan at an apr of 3.07%. she entered the keystrokes at the right on her calculator. the display gives an answer of 48, which lee knows is incorrect. explain what her error was. 8400 (0.0307/12) (1+0.0307/12)^24/(1+0.0307/12)^24-1 1

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Other questions on the subject: Mathematics

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Lee wanted to compute the monthly payment on a 2-year, $8,400 loan at an
apr of 3.07%. she entered the keystrokes at the right on her calculator. the
display gives an answer of 48, which lee knows is incorrect. explain what her
error was.
8400 (0.0307/12) (1+0.0307/12)^24/(1+0.0307/12)^24-1 1