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Find i​ (the rate per​ period) and n​ (the number of​ periods) for the following loan at the given annual rate.

Annual payments of ​$3,600 are made for 12 years to repay a loan at 5.7​% compounded annually.

i=
n=

Respuesta :

MathPhys

Answer:

i = 5.7%

n = 12

Step-by-step explanation:

Compounded annually means once per year.  So the rate per period is 5.7%, and the number of periods is 12.

madison3395

Answer:

i = 5.7%  

n = 12

Step-by-step explanation:

i​ (the rate per​ period) and n​ (the number of​ periods) for the following loan at the given annual rate.

Annual payments of ​$3,600 are made for 12 years to repay a loan at 5.7​% compounded annually.

Therefore,

i = 5.7%  

n = 12

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