In the following exercise you are asked to relate functional notation to practical explanations of what certain functions mean. The function  T(P, r, m)  gives the time required to pay off an installment loan of P dollars if the APR is r as a decimal and we make monthly payments of m dollars. Use functional notation to indicate the time required to pay off a $12,000 automobile loan at an APR of 5% if the monthly payment is $410.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter3: Functions
Section3.5: Transformation Of Functions
Problem 64SE: For the following exercises, write a formula for the function g that results when the graph of a...
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In the following exercise you are asked to relate functional notation to practical explanations of what certain functions mean.

The function 
T(P, r, m)
 gives the time required to pay off an installment loan of P dollars if the APR is r as a decimal and we make monthly payments of m dollars. Use functional notation to indicate the time required to pay off a $12,000 automobile loan at an APR of 5% if the monthly payment is $410.
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