Terrance purchased an internet package that required a $150 set up fee and a $65 monthly cost. how much will he have paid for internet in 24 months? send the work in paper, just send a picture

24 * $65 = $1560

$1560 + $150 =$1610

A = $1610

Notes: N/A

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.