Jayden just graduated from college and owes $19,400 on his student loans. The bank charges an annual interest rate of 1.5%, compounded monthly. If Jayden wants
to pay off his student loans using equal monthly payments over the next 15 years,
what would the monthly payment be, to the nearest dollar?
……………
M = pr / 1-(1+r)-n
M = the monthly payment
P= the amount owed
r = the interest rate per month
n = the number of payments

M=19400(1.5)/1-(1+1.5)-(15x12)

M=28917.50

Then you would round up so it wo9uld be $28,918.

you save $70

discount would be 35% off

step-by-step explanation:

given : the shape of his satellite can be modeled by   where x and y are modeled in inches.

now,the given equation   is a equation of parabola.

here, coefficient of x is positive, hence the parabola opens rightwards.

on comparing this equation with standard equation , we get

in standard equation, coordinates of focus=(0,m)

thus for given equation coordinates of focus=(0,1.5)

step-by-step explanation: