To find the monthly payment use the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv student loan 17500
PMT monthly payment?
R interest rate 0.06
K compounded monthly 12 because the payments are monthly.
N time 3 years
Solve the formula for PMT to get
PMT=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
PMT=17,500÷((1−(1+0.06÷12)^(
−12×3))÷(0.06÷12))
=532.38
The total amount paid
532.38×12months×3 years
=19,165.68
The percentage is paid toward the principal is
(17,500÷19,165.68)×100
=91.31%
The percentage is paid for interest is
((19,165.68−17,500)÷19,165.68)×100
=8.69%
Hope it helps!
Answer:
8√0.2
Step-by-step explanation:
using Pythagoras Therom
(68)^2 = (60)^2 + (x)^2
4624 = 3600 + x^2
4624/3600 = x^2
1.28 = x^2
√1.28 = x
x = 8√0.02
Answer:
9.2
Step-by-step explanation:
hope it helps