Maxine needs a car, and her grandmother doesnt want her to have to pay interest so they agree that Maxine will borrow $2,610 and pay her grandmother $145 each manth untilshe repays this loan in full, interest free.a. Write the model for the amount of money. M. that Maxine stil owes to her grandmother after t monty 145t- 2010y= 20101 - 145M28101 + 146M-145 + 2810$1740$217.50$700b. How much money wil Maxine still owe her grandmather after 1 year?C. After how long will Maxine have completely repaid her loan?$87018 montha2 yeare22 montha20 monthe& Moving to anothvet question will save this response.Questinn 11 af 17MacBook Air

Given: Amount Maxine borrowed from her grandmother = $2610 Amount to be paid back to her grandmother…

Maxine needs a car, and her grandmother doesn't want her to have to pay interest so they agree that Maxine will borrow $2,610 and pay her grandmother $145 each month unti she repays this loan in full, interest free. a. Write the model for the amount of money, M. that Maxine stil owes to her grandmother ahter t month y 146t -2010 y 2010- 145 M2610 + 146 b. How much money wil Maxine stil owe her grandmother ater 1 year? M.145+ 2010 $1740 $217.60 $700 $470 c. After how long will Maxine have completely repaid her lnan? 18 menthe 2 yeare 22 monhe 20 montha Moving to another queston will save this response W Question 11 of 17

Maxine needs a car, and her grandmother doesn't want her to have to pay interest so they agree that Maxine will borrow $2,610 and pay her grandmother $145 each month unti she repays this loan in full, interest free. a. Write the model for the amount of money, M. that Maxine stil owes to her grandmother ahter t month y 146t -2010 y 2010- 145 M2610 + 146 b. How much money wil Maxine stil owe her grandmother ater 1 year? M.145+ 2010 $1740 $217.60 $700 $470 c. After how long will Maxine have completely repaid her lnan? 18 menthe 2 yeare 22 monhe 20 montha Moving to another queston will save this response W Question 11 of 17

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter2: Gross Income And Exclusions

Section: Chapter Questions

Problem 14MCQ

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