Mathematics
Mathematics, 14.12.2021 03:10, jonroberts1587

Heather repays a loan of $4800 by making payments at the end of each year for 12 years. She can repay the loan under the following two options: 1) Equal annual payments at an effective annual rate of 0.07. (ii) Installments of 400 each year plus interest on the outstanding balance at an effective annual rate of i. Determine i if the sum of the payments under option (1) equals the sum of the payments under option (ii). A 7.74
B 7.78
C 7.82
D 7.86
E. 7.90

answer
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 17:30, sarahhfaithhh
One line passes through (-7,-4) and (5,4) . another line passes through the point (-4,6) and (6,-9)
Answers: 1
image
Mathematics, 21.06.2019 18:00, glitch14
Pls if a cow has a mass of 9Ɨ10^2 kilograms, and a blue whale has a mass of 1.8Ɨ10^5 kilograms, which of these statements is true?
Answers: 3
image
Mathematics, 21.06.2019 20:00, claudia3776
What does the sign of the slope tell you about a line?
Answers: 2
image
Mathematics, 21.06.2019 21:40, jacobasencio23
Use sigma notation to represent the following series for 9 terms.
Answers: 2
Do you know the correct answer?
Heather repays a loan of $4800 by making payments at the end of each year for 12 years. She can repa...

Questions in other subjects:

Konu
Mathematics, 11.11.2020 18:10
Konu
Computers and Technology, 11.11.2020 18:10