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For an installment loan a formula is used to find the down payment. The formula is down payment = installment price- total installment payments. The formula Can be written in symbols as D = P-T. Solve the formula for T. T = ?

For an installment loan a formula is used to find the down payment. The formula is-example-1

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Given formula is,

Down payment = Installment price -Total installment payments

In symbols,


D=P-T

To solve for T:

Let us write the above formula as follows,

Take T right side, we get,


T+D=P

Solve further as,


T=P-D

Hence, the formula for T is,


T=P-D

User Anders Andersen
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