Suppose that the following group of values has been entered into the TVM
Solver of a graphing calculator: N=300; 1%=9.7; PV=125000; PMT=-
1109.5491; FV=0; P/Y=12; C/Y=12; PMT:END. Which of the following uses of
the "bal(" function will give the balance on the loan in question after 9 years?

i do not know this sorry : (

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.

part a

in a city ice cream is mostly only bought when the temperature is very high as ice cream cools down our

so we can derive the conclusion that as the temperature increases the number of ice creams sold also increases

part b

y intercept is 5

slope is 2

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