Explaintion
3/4 + 1/2 = 3/4 + 2/4 = 5/4 = 1 1/4
Answer:
1 1/4
Hope this helps
Answer:
4th option - over the interval (4,7) the local minimum is -7
Step-by-step explanation:
There's only one local minimum in this graph and it's the one between (4,7), so this is the only plausible answer.
Answer:
$74,748.11
Step-by-step explanation:
In order to make use of the amortization formula, we need to find the equivalent monthly interest rate.
When 12% interest is compounded continuously, the annual multiplier is ...
e^0.12 ≈ 1.127497
The equivalent multiplier when the interest is compounded monthly is the 12th root of this,
(e^0.12)^(1/12) = e^0.01 ≈ 1.0100502 = 1 + r
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The amortization formula tells us that monthly payment amount A will pay off principal P in n months:
P = A(1 -(1 +r)^-n)/r = $900(1 -1.0100502^-180)/0.0100502
P = $74,748.11
The customer can pay off a 12% loan of $74,748.11 at the rate of $900 per month for 15 years.
Yes it is 3 1/10
31 goes into 10 3 times with 1 left over.
