He actually borrowed P=21349-3000=18349 (present value)
Assume the monthly interest is i.
then future value due to loan:
F1=P(1+i)^n=18349(1+i)^(5*12)=18349(1+i)^60
future value from monthly payment of A=352
F2=A((1+i)^n-1)/i=352((1+i)^60-1)/i
Since F1=F2 for the same loan, we have
18349(1+i)^60=352((1+i)^60-1)/i
Simplify notation by defining R=1+i, then
18349(R^60)-352(R^60-1)/(R-1)=0
Simplify further by multiplication by (R-1)
f(R)=18349*R^60*(R-1)-352(R^60-1)=0
Solve for R by trial and error, or by iteration to get R=1.004732
The APR is therefore
12*(1.004732-1)=0.056784, or 5.678% approx.
The dad had 6 more hours remaining to drive
Step-by-step explanation:
A portion of the Quadratic Formula proof is shown. Fill in the missing statement. Statements Reasons x² + x + b 4ac 4a? b? 4a² Find a common denominator on the right side of the equation a 2a X? + b 2a b? =4ac 4a? Add the fractions together on the right side of the equation a b2 - 4ac x+ Rewrite the perfect square trinomial on the left side of the equation as a binomial squared 2a 4a 2 Take the square root of both sides of the equation Vb -4ac x+ b 2a + 4a b - 4ас X + 2a + 4a 4ac + 2a 4a 1o ano 4a
1/1 because if you’ve already take one or orange out of the box you would only have one left to select two from the same box. you started with 2/2 and took one out put 1/1.