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the correct answer is 52. can someone show me the work Sam and Randy each take out a loan for $9,445. Sam's loan has an
the correct answer is 52. can someone show me the work
Sam and Randy each take out a loan for $9,445. Sam's loan has an annual rate of 15.8% with semi-annual compounding (twice per year). Randy's loan has the same annual rate, but it uses continuous compounding. How many months does Randy need to wait in order to have the same debt that Sam will have after 54 months? In this question you will need to solve for t in FV= PVe . Start by dividing both sides by PV. Then use logarithms to "bring down" the exponent. Round your answer to the nearest tenth of a month. 52. margin.of error +12 Step by Step Solution
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