jaymoore9542
07.01.2022 •
Mathematics
Jayden wants to take out a loan of $2,500 with interest that compounds monthly. Use the formula A = P(1 + rn)n∗t to find which of these loan terms will have the lowest total cost.
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Ответ:
4072
Step-by-step explanation:
I don't have any other loan terms to see, so i will assume that it's over a period of 10 years compounded at interest of 5%. If its not, you can just use the process I use to calculate the other loan terms cost.
So, you plug in the values. We know the final amount, A is equal to the original amount P, 2500, and the time is 10 years.
So A = 2500(1 + 0.05)^10 which equals 4072
Ответ:
$3125
Step-by-step explanation:
Let,
Time = 2 years
R = 5 % = 0.5
Now,
A = 2500(1 + 0.5/2)¹
A = 2500 × (2 + 0.5/2)
A = 2500 × 2.5/2
A = 1250 × 2.5
A = $3125
Ответ:
1/8 happy to help:)
Step-by-step explanation: