3 years ago

A loan of $12,500 at 9% is to be repaid with n level payments. if in = 128.04, what is the value of n?

Mathematics

1 answer:

Lisa [10]3 years ago

6 0

present value of annuity = annual payment * [ 1 - (1+i)^-n ]/i

12500 = 128.04 * [1-(1+9%/12^-n]/9%/12

=>n = 42 payments

You might be interested in

5x^2 +3 = -122 a. no solution b. -5 c. +‐5 d. +- 25

Finger [1]

Answer:

I put it in the calc and it got

x=5i,−5i

6 0

3 years ago

Read 2 more answers

nick want to buy a pair of shoes. The original cost of the shoes is $56.75, and the markup is 12 percent. How much will he have

Yakvenalex [24]

Answer:

我不知道我不知道我不知道

Step-by-step explanation:

4 0

2 years ago

Read 2 more answers

Which of the following is an infinite series?

max2010maxim [7]

Answer:

for the first question it would be A. 4+8+16+32 because infinite series are such as :

9,18,36,72,144,288

10,20,40,80,160,

so basically its multiplying *2

I cant do #2 without seeing the formula

4 0

2 years ago

Write the equation of line in slope-intercept form.

Galina-37 [17]

y=3x-7 that's the answer

7 0

3 years ago

a cup is 6.4 cm tall, not including the 0.6 cm lip. cups are stacked inside one another. select the function that represents the

Alja [10]

Answer: 20

H(c) = 6.4 + 0.6c

6.4 is the constant.

When the height of the cups is 18.4 the function is:

18.4 = 6.4 + 0.6c

Then, you add 6.4 from both sides

18.4 - 6.4 + 6.4 = 6.4 + 0.6c - 6.4 + 6.4

Simplify

18.4 = 6.4 + 0.6c

Switch sides

6.4 + 0.6c = 18.4

Multiply both sides by 10

6.4 x 10 + 0.6c x 10 = 18.4 x 10

Refine

64 + 6c = 184

Subtract 64 from both sides

64 + 6c - 64 = 184 - 64

Simplify

6c = 120

Divide both sides by 6

6c/6 = 120/6

c = 20

8 0

3 years ago