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ozzi
3 years ago
12

Q2) An engineer borrowed $3000 from the bank, payable in six equal end-of-year payments at 8%. The bank agreed to reduce the int

erest on the loan if interest rates declined in the United States before the loan was fully repaid. At the end of 3 years, at the time of the third payment, the bank agreed to reduce the interest rate from 8% to 7% on the remaining debt. What was the amount of the equal annual end-of-year
payments for each of the first 3 years? What was the amount of the equal annual end-of-year payments for each of the last 3 years?
Engineering
1 answer:
tatyana61 [14]3 years ago
6 0
Answer is: $637.28; just did the math but i really don’t want to type it all out.
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Answer:

True

Explanation:

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A thick steel slab ( 7800 kg/m3 , c 480 J/kg K, k 50 W/m K) is initially at 300 C and is cooled by water jets impinging on one o
Nutka1998 [239]

Answer:

1791 secs  ≈ 29.85 minutes

Explanation:

( Initial temperature of slab )  T1 = 300° C

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<u>Determine how long it will take to reach T2</u>

First calculate the thermal diffusivity

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attached below is the remaining part of the detailed solution

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3 years ago
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Answer:

The Python Code for Fibonacci Sequence is :

# Function for nth Fibonacci number  

def Fibonacci(n):  

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Explanation:

The Fibonacci numbers are the numbers in the following integer sequence.

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with seed values

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Explanation:

As a result of the codes used to making this solved, i was unable to upload my answer, therefore i'm sending a screenshot of the codes.

thank you for your understanding,

cheers i hope this helps

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anyone can search for them online.
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