Diff selection: Mark the radio buttons of the revisions to compare and hit enter or the button at the bottom.
Legend: (cur) = difference with latest revision, (prev) = difference with preceding revision, m = minor edit.
Legend: (cur) = difference with latest revision, (prev) = difference with preceding revision, m = minor edit.
| rev | Admin | (Created page with "'''Solution: E''' Let m be the monthly payment and i be the monthly interest rate. The interest in the first payment is 125,000i and the principal repaid is 125,000 – 124,750 = 250. Thus m = 125,000i + 250. Similarly, for the second payment, m = 124,750i +252. Thus, 250i = 2 for i = 2/250 = 0.008 and then m = 1250. To obtain the number of payments, the equation to solve is <math display = "block"> \begin{array}{c}{{125,000=1250a_{\overline{n}|0.008} }}\\ {{100 = \fra...") | Nov 19'23 at 0:50 | +601 |