example 4 Loan Repayment Chapter 4.3 A business property is purchased with a promise to pay off a $60,000 loan plus the $16,500 interest on this loan by making 60 monthly payments of $1275. The amount of money remaining to be paid on the loan plus interest is given by the function where x is the number of months remaining for payments to be made. a.Find the inverse of this function. b.Use the inverse to determine how many months remain to make payments if $35,700 remains to be paid.  2009 PBLPathways

A business property is purchased with a promise to pay off a $60,000 loan plus the $16,500 interest on this loan by making 60 monthly payments of $1275. The amount of money remaining to be paid on the loan plus interest is given by the function where x is the number of months remaining for payments to be made. a.Find the inverse of this function. b.Use the inverse to determine how many months remain to make payments if $35,700 remains to be paid.

 2009 PBLPathways a.Find the inverse of this function. Number of months remaining to be paid Amount of money remaining to be paid Replace f(x) with y Interchange x and y Solve for y Replace y with f -1 (x)

 2009 PBLPathways a.Find the inverse of this function. Number of months remaining to be paid Amount of money remaining to be paid Replace f(x) with y Interchange x and y Solve for y Replace y with f -1 (x)

 2009 PBLPathways a.Find the inverse of this function. Number of months remaining to be paid Amount of money remaining to be paid Replace f(x) with y Interchange x and y Solve for y Replace y with f -1 (x)

 2009 PBLPathways a.Find the inverse of this function. Number of months remaining to be paid Amount of money remaining to be paid Replace f(x) with y Interchange x and y Solve for y Replace y with f -1 (x)

 2009 PBLPathways a.Find the inverse of this function. Number of months remaining to be paid Amount of money remaining to be paid Replace f(x) with y Interchange x and y Solve for y Replace y with f -1 (x)

 2009 PBLPathways a.Find the inverse of this function. Number of months remaining to be paid Amount of money remaining to be paid Replace f(x) with y Interchange x and y Solve for y Replace y with f -1 (x)

 2009 PBLPathways a.Find the inverse of this function. Number of months remaining to be paid Amount of money remaining to be paid Replace f(x) with y Interchange x and y Solve for y Replace y with f -1 (x)

 2009 PBLPathways b.Use the inverse to determine how many months remain to make payments if $35,700 remains to be paid. Number of months remaining to be paid Amount of money remaining to be paid Number of months remaining to be paid

 2009 PBLPathways b.Use the inverse to determine how many months remain to make payments if $35,700 remains to be paid. Number of months remaining to be paid Amount of money remaining to be paid Number of months remaining to be paid

 2009 PBLPathways b.Use the inverse to determine how many months remain to make payments if $35,700 remains to be paid. Number of months remaining to be paid Amount of money remaining to be paid Number of months remaining to be paid