For a certain consumer loan, the balance you still owe the bank after t monthly payments is given by
.
A. Express in functional notation the amount you owe the bank after 1 year of payments, and then calculate that value.B.  How many payments do you need to make to reduce the balance owed to $10,559.36?C.  When is the balance a maximum, and what is that maximum value?

What will be an ideal response?


A.   dollars

?

B. 16.00 payments

?

C. The maximum balance of $17,129 occurs at , before any payments are made.


Mathematics

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What will be an ideal response?

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