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9 August, 12:03

Jacob took out a loan for $950 at a 13.2% APR, compounded monthly, to buy

a dishwasher. If he will make monthly payments of $62.50 to pay off the loan,

which of these expressions could be used to calculate the number of

payments he will have to make?

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Answers (1)
  1. 9 August, 12:11
    0
    log (62.5

    62.5 + (950) (0.011))

    log (1+0.011)

    Step-by-step explanation:

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