Investments earn passive income, which means the money earns extra value over time without you having to do anything in particular to earn it. If you have a good job and a budget that allows you to save a portion of your income throughout each year, what’s the point of passive income? Why not just collect and save your money without risking a loss through investments?

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.

is means division by fractions

step-by-step explanation:

whatare you sayig

step-by-step explanation:

make sure you have version 2.50

try looking in the very back of the book : )

step-by-step explanation:

you can download it here