3 years ago

Help me pleas I don’t understand

Mathematics

1 answer:

Svetlanka [38]3 years ago

7 0

Answer:

$1.59 per gallon is the answer

Step-by-step explanation: You simply need to divide 12.72 by 8. that will give you 1.59. So the answer is the bottom right answer, which can be read as $1.59 per gallon.

Hope all of that makes sense! :)

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Determine the payment to amortize the debt. (Round your answer to the nearest cent.) Monthly payments on $170,000 at 4% for 25 y

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Answer:

The payment would be $ 897.32.

Step-by-step explanation:

Since, the monthly payment of a loan is,

$P=\frac{PV(r)}{1-(1+r)^{-n}}$

Where, PV is the present value of the loan,

r is the monthly rate,

n is the total number of months,

Here,

PV = $170,000,

Annual rate = 4 % = 0.04

So, the monthly rate, r = $\frac{0.04}{12}=\frac{1}{300}$ ( 1 year = 12 months )

Time in years = 25,

So, the number of months, n = 12 × 25 = 300

Hence, the monthly payment of the debt would be,

$P=\frac{170000(\frac{1}{300})}{1-(1+\frac{1}{300})^{-300}}$

$=897.322628506$

$\approx \$ 897.32$

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