Question

Price: $39,145 Current interest rate: 3% 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 1

Welcome To OpenStudy ^_^

Answer 2

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Answer 3

Thank You. Nurali.

Answer 4

My Pleasure.