Mathematics, 28.06.2019 21:30 GamerGirl15
Mrs. siebenaller bought a bus for 25,000 with a 7% interest rate mrs s gets a loan payoff of 60 months how much interest would she pay
Answers: 1
![\text{PV of annuity}=P\left[\dfrac{1-(1+r)^{-n}}{r}\right]](/tpl/images/0028/6237/09efe.png)
% monthly![\Rightarrow 25000=P\left[\dfrac{1-(1+\frac{0.07}{12})^{-60}}{\frac{0.07}{12}}\right]](/tpl/images/0028/6237/4c887.png)
![\Rightarrow P=\dfrac{25000}{\left[\dfrac{1-(1+\frac{0.07}{12})^{-60}}{\frac{0.07}{12}}\right]}](/tpl/images/0028/6237/f57f9.png)
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Mrs. siebenaller bought a bus for 25,000 with a 7% interest rate mrs s gets a loan payoff of 60 mont...
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