Question

Kurt takes out a $4000 loan to buy a car. His monthly payment is $120. Create a table and equation to represent how much money Kurt owes after n months. can someone help me write the equation i would use with n in it please

Answer 1

@satellite73

Answer 2

You'll need an interest rate.

If there is no interest... After 1 month 4000 - 120
After 2 months 4000 - 120 - 120
After 3 months 4000 - 120 - 120 - 120
After 4 months 4000 - 120 - 120 - 120 - 120

Are we seeing a pattern?

Answer 3

its p(n)+1 all the way to 10 but i dont know the p(n) part

Answer 4

Okay, let's try again.

You'll need an interest rate.

If there is no interest...

After 1 month 4000 - 120 = 4000 - 120(1)
After 2 months 4000 - 120 - 120 = 4000 - 120(2)
After 3 months 4000 - 120 - 120 - 120 = 4000 - 120(3)
After 4 months 4000 - 120 - 120 - 120 - 120 = 4000 - 120(4)