You borrow $A at an interest rate of r% (per month) and pay it off over t months by

Chapter 8, Problem 17

(choose chapter or problem)

You borrow $A at an interest rate of r% (per month) and pay it off over t months by making monthly payments of P = g(A, r, t) dollars. In financial terms, what do the following statements tell you? (a) g(8000, 1, 24) = 376.59 (b) g A!!!! (8000,1,24) = 0.047 (c) g r !!!!(8000,1,24) = 44.83

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