Answer:
effective annual rate is 6.16 %
Step-by-step explanation:
given data
rate = 6 % = 0.06
time 5 year = 10 semi annually
to find out
effective annual rate
solution
we know formula for annual effective rate of interest is
rate of interest = 
-1
put here all value
rate of interest = 
-1
rate of interest = -1
rate of interest = 0.061646
so effective annual rate is 6.16 %
Answer: 1/40
Step-by-step explanation:
Since we are told that Sinister Stan stole 3 3/4 oz of slime from Messy Molly and stole another 2 3/5 oz of slime from Rude Ralph. The total oz of slime stole would be:
= 3 3/4 + 2 3/5
= 3 15/20 + 2 12/20
= 5 27/20
= 6 7/20
We are told that his evil plans require 6 3/8 oz of slime, the amount needed for Sinister Stan for his evil plan would be:
= 6 3/8 - 6 7/20
= 6 30/80 - 6 28/80
= 2/80
= 1/40
Answer: 48 points gained in those 3 days.
Subtract 220 with 48, then add 96. Last step would be subtracting 220 with the amount they have now in those 3 days to find how much points the stock market gained in those 3 days.
Subtract 220-48.It‘ll be 172.
Add 172 with 96. 172+96=268.
Subtract 268 with how much points the stock market had 3 days ago. 268-220. So it would be about 48 points gained.
3.85 if you divide the total cost by the number of gallons you should get your answer hope this helped
Part A: monthly payment
Initial loan after downpayment,
P = 320000-20000= 300,000
Interest rate per month,
i = 0.06/12= 0.005
Number of periods,
n = 30*12= 360
Monthly payment,
A = P*(i*(1+i)^n)/((1+i)^n-1)
= 300000(0.005(1.005)^360)/(1.005^360-1)
= 1798.65
Part B: Equities
Equity after y years
E(y) = what they have paid after deduction of interest
= Future value of monthly payments - cumulated interest of net loan
= A((1+i)^y-1)/i - P((1+i)^y-1)
= 1798.65(1.005^y-1)/.005 - 300000(1.005^y-1)
= (1798.65/.005-300000)(1.005^y-1)
Equity E
for y = 5 years = 60 months
E(60) = (1798.65/.005-300000)(1.005^60-1) = 18846.17
for y = 10 years = 120 months
E(120) = (1798.65/.005-300000)(1.005^120-1) = 45036.91
y = 20 years = 240 months
E(240) = (1798.65/.005-300000)(1.005^240-1) = 132016.53
Check: equity after 30 years
y = 30 years = 360 months
E(360) = (1798.65/.005-300000)(1.005^360-1) = 300000.00 .... correct.
