Answer:
C. 16 months faster
Step-by-step explanation:
You can solve this using a Financial calculator( TI BA II plus in this case)
First, find number of months if recurring monthly payment is $38.50;
Amount borrowed ; PV = -950
Monthly rate ; I/Y = 7.2%/12 = 0.6%
Monthly payment; PMT = 38.50
Future value ; FV = 0
Total duration; press CPT, N = 26.785 OR 27 months
Next, find number of months if recurring monthly payment is $93;
Amount borrowed ; PV = -950
Monthly rate ; I/Y = 7.2%/12 = 0.6%
Monthly payment; PMT = 93
Future value ; FV = 0
Total duration; press CPT, N = 10.573 OR 11 months
Difference = 27 -11 = 16
Therefore, she would be able to pay off the loan 16 months faster.
Answer:
3) 109.27
4) 58.80
5) 48.65
Step-by-step explanation:
First divide the cost by the number of units to get the individual cost of each item.
Then multiply by the new number of units.
For example: 78.05 ÷ 5 = 15.61 for each.
15.61 x 7 = 109.27
Answer:
-4
Step-by-step explanation:
7w + (-11w)
Postive negative negative
7w-11w
= - 4
Answer:
136 mm²
Step-by-step explanation:






A = 136