Presentation is loading. Please wait.

Presentation is loading. Please wait.

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.

Similar presentations


Presentation on theme: "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."— Presentation transcript:

1 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

2 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.

3  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)

4  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)

5  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)

6  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)

7  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)

8  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)

9  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)

10  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

11  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

12  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


Download ppt "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."

Similar presentations


Ads by Google