Please help show the steps
Please put 15 years old

page 1:

51 years

$98.78

639546.64 (i think)

Page 2:

213 months

17.8 years

321 months

26.8 years

1128.9 months

88.8 years

I would probably choose the second plan because it's rather unlikely that i live past 90

Step-by-step explanation:

page 1

Let's assume the payments are at the end of the month

66-15= 51 years

effective rate: .075/12=.00625

which i guess we can round to 98.78

700000-98.78*(51*12)= 639546.64

This number is really really high and so maybe you want to double check it

page 2

effective rate: .051/12=.00425

213 months

213/12= 17.8 years

321 months

321/12=26.8 years

1128.9 months

1128.9/12= 94.1 years

1066 months

1066/12= 88.8 years

ou would have 12 of each

e^-kt = n/n0 = 0.79  

-kt = ln 0.79  

t = - ln 0.79/0.0001  

= 2357 years

step-by-step explanation: