To g raph: The relation of time with that of the monthly interest payment, that is, u = M − M − Pr 12 1 + r 12 12 t , and the relation of time with that of the amount paid for the reduction of the principal, that is, v = M − Pr 12 1 + r 12 12 t in the same window using a graphing utility.
To g raph: The relation of time with that of the monthly interest payment, that is, u = M − M − Pr 12 1 + r 12 12 t , and the relation of time with that of the amount paid for the reduction of the principal, that is, v = M − Pr 12 1 + r 12 12 t in the same window using a graphing utility.
Solution Summary: The author analyzes the relation of time with the monthly interest payment and the amount paid for the reduction of the principal.
To graph: The relation of time with that of the monthly interest payment, that is, u=M−M−Pr121+r1212t, and the relation of time with that of the amount paid for the reduction of the principal, that is, v=M−Pr121+r1212t in the same window using a graphing utility.
(b)
To determine
To calculate: The time when the monthly payment is evenly divided between the interest and the principal reduction. Also, analyze if a greater part of the monthly payment is given as an interest than the amount reduction.
(c)
To determine
To calculate:The time when the monthly payment is evenly divided between the interest and the principal reduction. Also, to analyze if a greater part of the monthly payment is given as an interest than the amount reduction when t=20 and M=966.71. Also, graph the equations and give a final conclusion.
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