How long will it take to pay off a loan of $51000 at an annual rate of 12 percent compounded monthly if you make monthly payments of $650? use five decimal places for the monthly percentage rate in your calculations.

Given,

The present value of the loan, P.V. = $ 51,000,

Annual rate of interest = 12 %,

So, the rate per month, r = = 1 % = 0.01,

Also, the monthly payment, P = $ 650,

Let n be the number of months,

Since, monthly payment of a loan is,

By graphing calculator,

Hence, it will take approximately 154 months to pay off the loan.

a.

step-by-step explanation:

step 1 distribute 2 to every term in the parentheses

step 2 add 10 on both sides of the equal sign

step-by-step explanation:

use pothagarean therom

a^2+b^2=c^2 so first ac

acm is a right triangle because c= 90°

and am (the hypotenuse or c) =16+9 =25

but there is not enough info we need another angle or side length