Imagine, your car loan payment extends for 5 years at 8% interest compounded monthly. After how many months do you pay off half of your loan?
What will be an ideal response?
P = 49.318433 A
When half of the loan is paid off, we have:
Solving for n, we get n = 27. (The number of months that it takes to pay the remaining half of the loan)
Then after 60-27 = 33 months, half of the loan is paid off.
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What will be an ideal response?
Determine the numerical value of the following factors using (a) linear interpolation, (b) the formula, and (c) the spreadsheet function from Figure 2-9.
What will be an ideal response?
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A) Yellow B) Green C) Orange D) Red
What type of gas production is a definite indication of incomplete combustion?
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