Answer:
Explanation:
I can explain how the two graphs would look like.
If we are comparing two installment factors with respect to the total amount repaid (T) over time (N), we can plot two separate graphs on the same set of axes. The x-axis would represent the number of months (N) and the y-axis would represent the total amount repaid (T).
For each installment factor, we would plot a line that represents the total amount repaid over time. The shape and slope of each line would depend on the interest rate, the amount borrowed, and the number of payments per year.
The two lines would likely have a similar shape, but different slopes and intercepts. The slope of each line would depend on the interest rate and the amount borrowed, with steeper slopes indicating higher interest rates or larger amounts borrowed. The intercept of each line would depend on the amount borrowed and the number of payments per year.
To compare the two installment factors, we would look at the relative slopes and intercepts of the two lines. If one line has a steeper slope than the other, it would indicate that the total amount repaid increases more rapidly over time for that installment factor. If one line has a higher intercept than the other, it would indicate that the total amount repaid is higher at the beginning of the repayment period for that installment factor.
Overall, by plotting the two graphs on the same set of axes, we can visually compare how the total amount repaid (T) depends on the number of months (N) for both installment factors.