Answer:
The Expected Family Contribution (EFC) is a measure of your family's financial strength and is calculated according to a formula established by law. Your family's taxed and untaxed income, assets, and benefits (such as unemployment or Social Security) are all considered in the formula.
Step-by-step explanation:
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Answer:
15.14%
Step-by-step explanation:
The formula for APR is stated thus:
APR=fees+interest/principal/n*365*100
principal is the loan amount of $700
fees is the processing fees on the loan which is $50
interest amount=principal*interest %=$700*8%=$56
n is the number of days of the loan which is a year i.e 365 days
APR=($50+$56)/$700/365*365*100
APR=$106/$700/365*365*100
APR=0.151428571
/365*365*100
APR=0.151428571
*100=15.14%
The annual percentage rate on the loan is 15.14% which represents the actual cost on the loan not just the interest cost of 8% annually
Given equation, y = – 1.3(x + 3)2 – 9 is in slope intercept form.
Step-by-step explanation:
Slope intercept form standard formula:
y = mx + c
where,
y= y intercept
x= x intercept
m = slope
c = constant
We are given:
y = - 1.3(x + 3)2 - 9
y = - 2.6x + 7.8 - 9
y = -2.6x -1.2
So,
Slope = m = -2.6
constant = 1.2
Step-by-step explanation:
The first set is equivalent.
We obtain the right-hand side by swapping places of the terms.
