PaytinK8445 PaytinK8445

28-10-2022
Mathematics

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the monthly payment for option 1 is $1,579.63the monthly payment option for 2 is $1,879.60

the monthly payment for option 1 is 157963the monthly payment option for 2 is 187960 class=

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MatalieX290379 MatalieX290379

28-10-2022

Use the next formula:

[tex]TA=P(\frac{r(1+r)^n}{(1+r)^n-1})*nt[/tex]

P is the principal

r is teh ARP (indecimal form)

n number of payments per year

t number of years

Assume a monthly payment:

[tex][/tex]

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