Bernadette took out a loan for $1250 at a 10.8% apr, compounded monthly, to buy a refrigerator. if she will make monthly payments of $85.50 to pay off the loan, which of these expressions could be used to calculate the number of payments she will have to make?

log(85.5/85.5-(1250)(0.009))/log(1+0.009)

Explanation:

exactly how it is. I got it correct

answer; //i believe that the correct answer is (b); ///toblas works as a preschool teacher;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.