Wednesday

March 4, 2015

March 4, 2015

Posted by **Lola** on Tuesday, November 9, 2010 at 10:19pm.

- Algebra 1 -
**Reiny**, Tuesday, November 9, 2010 at 11:36pminterest for lower rate loan = 7000(1.1)^n - 7000

interest for higher rate loan = 10080(1.12)^(n-.5) - 10080

10080(1.12)^(n-.5) - 10080 = 7000(1.1)^n - 7000

10080(1.12)^(n-.5) = 7000(1.1)^n - 7000 + 10080

1008(1.12)^(n-.5) = 700(1.1)^n + 308

no easy way to solve for n

I would try some values of n, until

left side = appr. right side

**Answer this Question**

**Related Questions**

Math - Serena wanst to borrow $15 000 an pay it back in 10 years. Interest rates...

COM 155 - Write 2 paragraphs about how interest rates affect our purchasing ...

Maths - pauline paid $450 simple interest to borrow $20 000. The interest rate ...

Math - Serena wants to borrow $15 000 and pay it back in 10 years. Interest ...

comp - can you help me Underline the topic sentence for this paragraph??? ...

Algebra II math high school - To get the necessary funds for a planned ...

writing - If I could get some help? I was wonderung if I had done this right....

math - I could only get the first part of this question. Can someone help me ...

Econ - As the interest rate increases, the opportunity cost of money: A. ...

COM155 - Write two paragraphs about how interest rates affect our purchasing ...