Mathematics, 19.01.2021 23:10 omoaye

For a certain installment loan, the monthly payment M is given by M =
Pr(1 + r)t
(1 + r)t − 1
,
where P is the original amount borrowed, r is the monthly interest rate as a decimal, and t is the number of months required to pay off the loan. What is the monthly payment if the monthly interest rate as a decimal is 0.05, the amount borrowed was $17,000, and the loan is paid off in 36 months? (Round your answer to two decimal places.)

Answers: 1

Show answers

Another question on Mathematics

Mathematics, 21.06.2019 15:00

Solve the word problem. the table shows the low outside temperatures for monday, tuesday, and wednesday. by how many degrees did the low temperature increase from monday to tuesday? this function table shows the outside temperature for a given a. 21.1⁰ b. 8.6⁰ c. 4.9⁰ d. 3.9⁰(the picture is the graph the the question is talking about.)

Answers: 1

Answer

Mathematics, 21.06.2019 22:00

In dire need~! describe how to use area models to find the quotient 2/3 divided by 1/5. check your work by also finding the quotient 2/3 divided by 1/5 using numerical operations only.

Answers: 1

Answer

Mathematics, 21.06.2019 23:00

The table below shows the function f. determine the value of f(3) that will lead to an average rate of change of 19 over the interval [3, 5]. a. 32 b. -32 c. 25 d. -25

Answers: 2

Answer

Mathematics, 22.06.2019 05:00

Solve the proportion of 16/50=x/156.25

Answers: 1

Answer

You know the right answer?

For a certain installment loan, the monthly payment M is given by M =
Pr(1 + r)t
(1 +...

Questions

Mathematics, 14.09.2020 02:01

What is 17 8\12 - 12 3\12...