Question

8 Lastly, you decide to keep track of your loan four times a month instead of monthly. Solve for the adjusted interest rate. Remember to use the formula A(t)=P[(1+rn)1/c]cnt where c = 4. When solving for the adjusted interest rate, be sure to set it equal to 1+rn.
I did it to a certain point, but I completely got lost after near the end, someone please help? :3

Answer 1

14,995[(1+0.0515/48)1/4]^4*48*t, 14,995[(1+0.0515/48)^1/4]^4*48*t, 14,995[(1.002671567)]^192t
Is where I got to

Answer 2

@saifoo.khan

Answer 3

@aaronq

Answer 4

@e.mccormick

Answer 5

@jdoe0001

Answer 6

someoneeeeeeeeeeeeee xD

Answer 7

@texaschic101

Answer 8

@dan815

Answer 9

@TheSmartOne

Answer 10

is there a book i can look up the formula , so i can see it. what is the name of the book you are using

Answer 11

noooope :P