Question

Jacob took out a loan for $950 at a 13.2% APR, compounded monthly, to buy

a dishwasher. If he will make monthly payments of $62.50 to pay off the loan,

which of these expressions could be used to calculate the number of

payments he will have to make?

Answer 1

Answer:

 

log( 62.562.5 + (950)(0.011))log(1+0.011)

Step-by-step explanation:

Answer 2

Answer: log(62.5/62.5-(950)(0.011))/log(1+0.011)

Step-by-step explanation: long expression i know but is right