bonus G(s) s(s+1) using the step response equivalent with T = 0.1 sec. (BONUS - 25...

Question

Question

bonus

Answer 1

Answer #1

The formula for monthly payment is

Given

P=25,000

r = 9% per year / 12 months = 0.75% per period

n = 4 years * 12 months = 48 total periods

Therefore,

$A=25,000*\frac{0.0075(1+0.0075)^{48}}{(1+0.0075)^{48}-1}$

A=622.13

Therefore, monthly payment amount is

A = 622.13 $

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Answer 2

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