Mathematics, 21.04.2020 16:55, avrihalverson

Jacob took out a loan for $950 at a 13.2% APR, compounded monthly, to buy
a dishwasher. If he will make monthly payments of $62.50 to pay off the loan,
which of these expressions could be used to calculate the number of
payments he will have to make?
al 62.5
62.5+ (950)(0.011)
log (1 -0.011)
loal_ 62.5
62.5 - (950) (0.011)
log (1 -0.011)
lool 62.5
"962.5+ (950)(0.011)
log (1 +0.011)
O D. 10067
62.5
62.5
62.5 - (950) (0.011)
Jog (1 +0 011]

Answers: 2

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Jacob took out a loan for $950 at a 13.2% APR, compounded monthly, to buy
a dishwasher. If he...