Susan took out a personal loan for $3,500 at an interest rate of 13% compounded monthly. she made arrangements to pay the loan o
1 answer:
Susan's monthly payment will be $117.93.
We have Susan take out a personal loan for $3,500 at an interest rate of 13% compounded monthly.
P=3500
r=30%
t=3
<h3>What is the amortization formula?</h3>
Where A is the payment,
P= principal,
r =the annual interest rate
t is the number of years.
use the given value in the formula we get
A=117.9288
A= 117.93
Susan's monthly payment will be $117.93.
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This is so, because 0.05 is less than 0.1
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Answer:
Graph of Option D represents
Step-by-step explanation:
we are given our function as
squaring on both sides we get
It represent a parabola opening towards the positive side of x axis. Hence it gives us some preliminary idea about the graph of the function we are given .
However our original function is
Domain of is all positive values of x
And square root of positive values will always result in positive values. Hence y can not be negative as the range is All positive values of y
Hence we erase the graph of below x axis to obtain the graph of