In 2016, Donald Trump admitted he received a small loan of 1 million dollars from his father. If he paid back the loan over 32 years at a fixed rate of 3%, how much does he pay each month?

Donald Trump will pay monthly to his father  $5104.17

Step-by-step explanation:

Simple interest = P x R x T

= 100000 x 0.03 x 32

= 960,000

Total amount Donald Trump will give his father for 32 years = 1,000,000 + 960,000

                                                                                = $1,960,000

To get the amount he will pay monthly,

32 years x 12 = 384 months

Donald Trump will service his loan for 384 months

Then,

= 1960000 / 384

= $5104.17

i think it would be 43 movies that would have to be watched.

step-by-step explanation:

think about it. for the second plan, every month is 8 dollars. 8 x 12= 96. so thats the number for the second plan. now for the first plan, its annual meaning you have to pay 10 dollars every year. so now you have to get an equivalent amount of 86 since 96-10=86. 86 divided by 2 since every movie costs 2$ then you would have to watch 43 movies a year to get the same as the second plan. i really hoped this . have a wonderful day as well!

the one below it is a function