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PDF-5.Arecentcollegegraduateborrows$100;000ataninterestrateof12%topurchase PDF document

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12B(t):monthlyinterestowedtobankattimet.rout=800(1+t=80):monthlypaymenttothebankattimet.8:dB dt=0:01B8001+t 80B(0)=100;000usingy0+p(t)y=g(t) B00:01B=80010t(t)=eR0:01dt=e0:01tZ(t)g(t)dt=Z

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