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OpenStudy (anonymous):
Ben made some home improvements for $9,375 using a six-month deferred payment plan with an interest rate of 19.42%. What is the balance after the deferment period if no payments are made? $10,322.95 $9,375.00 $11,195.63 $10,244.95 I know it's B = P (1 + i)^nt... but I can't get it right!!
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OpenStudy (anonymous):
try using 0.5 as exponent
OpenStudy (anonymous):
What do you mean?
OpenStudy (anonymous):
A=P(1+r)^t A=9375(1.1942)^0.5
OpenStudy (anonymous):
I think that works! :D THANKS!
OpenStudy (anonymous):
thanks for the medal :D
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OpenStudy (anonymous):
Welcome... :)
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