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#1
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Re: Help with math
thanks for the help...i have a text book but i just dont understand how it teaches...so i bought a different text book lol. but that helps with the basics and getting started...Thanks
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Re: Help with math
Quote:
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#3
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Re: Help with math
how about s&s in regards to interest rates?
here's the q: When Jack left school. he borrowed $15 000 to buy his first car. the interest rate on the loan was 18%p.a. and Jack planned to pay back the loan in 60 equal monthly installments of $M. i) show that immediately after making his first monthly installment, Jack owed $[15000 * 1.015 - M] ii) show that immediately after making his third monthly installment, Jack owed $[15000 * 1.015 - M(1 + 1.015 + 1.015^2)] iii) Calculate teh value of M anyone? |
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