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 Thank goodness there are people in this world who refuse to let physics and calculus ruin a good story. - Richard Wallace [more] |
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| Thank goodness there are people in this world who refuse to let physics and calculus ruin a good story. - Richard Wallace [more] |
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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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