- #1
aisha
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HI I need to make a line diagram for this question and don't know what formula to use future or present can someone tell me please
Mike wants to buy a snowmobile. His parents decide to lend $9000 at 10%/a compounded monthly, if he agrees to repay the amount by making equal monthly (at the end of the month) payments for 5 years.
Mike wants to buy a snowmobile. His parents decide to lend $9000 at 10%/a compounded monthly, if he agrees to repay the amount by making equal monthly (at the end of the month) payments for 5 years.