Homework Answers
Answer:
| You can borrow = |
PMT x (1-(1 /(1 + r^n))) / r |
| =$922 x (1-(1/(1+0.01^48)))/0.01 | |
| =$35,011.99 |
you can borrow $35,000. ( i. e. closest amount )
Option : (f).
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