Question

need help on what to do next on my equation

Answer 1

Being a smart financial planner, you want to figure out how many months it will be until your principal is paid down to $10,000.00. Solve for t and show all of your work. Note that t will be negative because the number of months will decrease the principal.

Answer 2

i did the first part

1. A( t)=39145( 1+0.03/12)^12t

2. 10000=39145( 1+0.03/12)^12t