NeilyO574666 NeilyO574666

26-10-2022
Mathematics

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what would Heather's monthly payment be

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ZiyonnaU786754 ZiyonnaU786754

26-10-2022

Principal P = $5000

Rate r = 4.75% = 0.0475

t = 18 months = 1.5 years

Amount A

[tex]\begin{gathered} A=P(1+r)^t \\ A\text{ = 5000(1 + }\frac{4.75}{100})^{1.5} \\ A=5000(1.0475)^{1.5} \end{gathered}[/tex]

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