College Algebra FINAL EXAM Review, Fall 2010
Equivalent fractions are also useful for comparing fractions when you don’t have a calculator. To compare fractions: ... (the period of amortization) M = the monthly payment. To calculate M, the monthly payment, knowing P, R, and N use the formula: ... 1 day = 86,400 sec. 1 year = 365.25 day. ................
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