Answer:
a. number of periods over which interest is calculated on the loan
Step-by-step explanation:
A formula should always be accompanied by an explanation of what it calculates and the meaning of each of its variables. This formula calculates P, the periodic payment on a loan of n periods at interest rate i (compounded) per period. The principal amount of the loan is PV.
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The same formula can also be used to calculate an annuity from which payment P is received at the end of each of n periods. The amount invested is PV and the interest rate per period (compounded per period) is i.
Compounded once a year: A=P(1+r)^t
2500=500(1+0.095)^t
1.095^t=5
because the unknown number is an exponent, use log to find the unknown:
log(1.095^t)=log5
tlog1.095=log5
t=log5/log1.095
use your calculator, t=17.734
so this person is about 28 years old.
Answer:
Median
Step-by-step explanation:
Hope this helped
Yes to solve this problem you need to factor it. I would start by factoring the N out first. Hope this helps!
