What does this story imply about the rich and poor in egypt? be sure to provide 2-3 very specific examples or details from the story in your response. your response should be a well-developed paragraph that includes a topic and summary sentence. use the rare strategy when constructing your paragraph. (rare stands for restate the question, answer the question, give a reason, give a supporting example from the story) (16 points)

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.