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Writing the Essay:
Make sure you offer at least three general points (examples) to support your argument.

Problem of the day

  • The formula below gives the monthly payments x needed to pay off an existing loan of D dollars at r percent annual interest over the course of M months. Which of the following gives D in terms of x, r, and M?

    x=`frac{(frac{r}5000)*(1+frac{r}5000)^M)((1+frac{r}5000)^M-1)*D`

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