I am having a problem with the following process for the following problem. The loan is subsidized, so simple interest will accure for 4 years before grauation. I=Prt=30,000(0.052)(4)=6240 The total loan amount after graduation: 30,000+6420=36,240 A= 36,240, r=0.052, n=12, t= 6 What is the monthly payment? Please show me the step by step process
Equations and Inequations
Equations and inequalities describe the relationship between two mathematical expressions.
Linear Functions
A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.
I am having a problem with the following process for the following problem.
The loan is subsidized, so simple interest will accure for 4 years before grauation.
I=Prt=30,000(0.052)(4)=6240
The total loan amount after graduation: 30,000+6420=36,240
A= 36,240, r=0.052, n=12, t= 6
What is the monthly payment?
Please show me the step by step process.
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