In an installment loan, a lender loans a borrower a principal amount P, on which the borrower will pay a yearly interest rate of i (as a fraction, e.g. a rate of 6% would correspond to i=0.06) for n years. The borrower pays a fixed amount M to the lender q times per year. At the end of the n years, the last payment by the borrower pays off the loan.
After k payments, the amount A still owed is
<span>A = P(1+[i/q])k - Mq([1+(i/q)]k-1)/i,
= (P-Mq/i)(1+[i/q])k + Mq/i.
</span>The amount of the fixed payment is determined by<span>M = Pi/[q(1-[1+(i/q)]-nq)].
</span>The amount of principal that can be paid off in n years is<span>P = M(1-[1+(i/q)]-nq)q/i.
</span>The number of years needed to pay off the loan isn = -log(1-[Pi/(Mq)])/(q log[1+(i/q)]).
The total amount paid by the borrower is Mnq, and the total amount of interest paid is<span>I = Mnq - P.</span>
1/2(16+22)
= 1/2 (38)
= 19
the length if the midsegment is 19
I'm pretty sure...
Answer:
356475Nrp
Step-by-step explanation:
$1=105Nrp
$3500=105×3500Nrp
=367500Nrp
Now,
Bank charges 3% commission
therefore, 3% of 367500Nrp
=3/100×367500Nrp
=11025Nrp
Then,
Required money =367500Nrp-11025Nrp
=356475Nrp
Y^2-9^2
(y-9)(y+9)
To see if its right:
y*y+y*9-9*y-9*9
y^2+9y-9y-81
y^2-9^2
Answer:
Step-by-step explanation:
The standard form of a quadratic is:
To complete the square, the a (leading coefficient) must be 1 and there can only be terms with variables on one side.
The expression given:
follows these rules. Next, we divide the b (linear coefficient) by 2, then square it. Basically:
The b in the expression is -18.
This is the number that is added.
