5
Monthly payments can be found using the formula below:
12t
M=
P (1) (1 + f2)
(1 + i)"
12t
- 1
M=
P= amount borrowed
T =
n =
The Banks family would like to borrow $12,500 to take a family vacation. They qualified
for an annual interest rate of 4.8% for a 4 year loan. What will be the monthly payment?
years
Which system of linear inequalities is represented by the graph? x-3y > 6 and y? 2x + 4 x + 3y > 6 and y? 2x - 4 x - 3y > 6 and y? 2 - 4 x + 3y > 6 and y > 2x + 4 no be 2 -1.1 1 2 3 4 5 submit save and exit next mark this and retum be
You just purchased two coins at a price of $670 each. because one of the coins is more collectible, you believe that its value will increase at a rate of 7.1 percent per year, while you believe the second coin will only increase at 6.5 percent per year. if you are correct, how much more will the first coin be worth in 15 years?