subject
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

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 20.06.2019 18:04
When can u say there is no solution for a system of linear inequalities? explain your answer and show with a system and graph
Answers: 2
question
Mathematics, 21.06.2019 15:40
Yo y do yall have 2 stars that means yall wrong bro
Answers: 1
question
Mathematics, 21.06.2019 19:30
When 142 is added to a number the result is 64 more then 3 times the number. option 35 37 39 41
Answers: 2
question
Mathematics, 21.06.2019 22:00
Find the value of x in each case. give reasons to justify your solutions! d q ∈ pr
Answers: 3
You know the right answer?
Heather repays a loan of $4800 by making payments at the end of each year for 12 years. She can repa...
Questions
Questions on the website: 13722363