##### THERE IS MORE TO THIS QUESTION, PLEASE HELP ! IM POSTING THE REST

label Mathematics
account_circle Unassigned
schedule 1 Day
account_balance_wallet \$5

(b) Lets look ahead to the time when the loan is paid off. (Round your answers to the nearest cent.)
(i) What is the total amount you paid to the bank?

(ii) How much of that was interest?

(c) The amount B that you still owe the bank after making k monthly payments can be calculated using the variables rP, and t. The relationship is given by the formula below in dollars.

B = P ×
 (1 + r)t − (1 + r)k (1 + r)t − 1

(i) How much do you still owe the bank after 1 year of payments? (Round your answer to the nearest cent.)

Oct 3rd, 2015

Thank you for the opportunity to help you with your question!

b(i) What is the total amount you paid to the bank?

9867.84

b(ii) How much of that was interest?

867.84
c(i) How much do you still owe the bank after 1 year of payments?

\$4,701.61 for question c(i).

Please let me know if you need any clarification. I'm always happy to answer your questions.
Sep 22nd, 2015

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Oct 3rd, 2015
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Oct 3rd, 2015
Sep 23rd, 2017
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