NeilyO574666
NeilyO574666
26-10-2022
Mathematics
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what would Heather's monthly payment be
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ZiyonnaU786754
ZiyonnaU786754
26-10-2022
Principal P = $5000
Rate r = 4.75% = 0.0475
t = 18 months = 1.5 years
Amount A
[tex]\begin{gathered} A=P(1+r)^t \\ A\text{ = 5000(1 + }\frac{4.75}{100})^{1.5} \\ A=5000(1.0475)^{1.5} \end{gathered}[/tex]
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