In calculating the monthly payment for a loan with an 8.5% interest rate compounded monthly, what value should be used for i, the interest rate per period, as it appears in the following formula?

0.85.

Step-by-step explanation:

In calculating the monthly payment for a loan with an i% interest rate compounded monthly, the value of the interest rate per period we use in the formula we first convert it decimal form.

Now the given rate of interest i= 85%

To convert it in decimal, we divide it by 100, we get

i=

Hence, the value should be used for i in the formula of calculation the monthy payment , the interest rate per period is 0.85

in mathematics, a function is a relationship between two variables such that the value of one of the variables, called the dependent variable, is determined by the value of the other variable, called the independent variable. there is a specific term we use to describe the set of independent variables of a function.

24

step-by-step explanation:

if it takes 8 pounds to make 12 divide 12 by 8 and you get 1.5, 1.5 x 16 = 24