Compare the entries in Lupe's records with the entries on the bank statement.
What other mistake did Lupe make?
She recorded a transaction twice.
She forgot to record a transaction.
She wrote the wrong amount for a transaction.
She made a math error when calculating her balance.

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

you can first factor out the n to get n(1+5). we know that 1+5 is 6, so we just have 6n.