Answer:
the correct answer is option D which is $1,954.94
Step-by-step explanation:
loan amount = $8,944.61
interest = 7.8% = 7.8 %/2 = 3.9 %
compounded semi annually = 2 × 12 + 7 = 31 months
time = 31/6 months
hence, the correct answer is option D which is $1,954.94
Answer:
5/8 = 5/8 * 1/1 = 5/8
And
1/2 = 1/2 * 4/4 = 4/8
Steps:
Least common denominator is 8.
5/8 * 1/1 = 5/8
1/2 * 4/4 = 4/8
The answer is B or 6. Hope this helps!!
Answer:
Step 1: Finding r using the formula ln 2/h
Step 2: Substitute the values in given formula
Step 3: Divide both sides by 300
Step 4: Take the natural logarithm on both sides
Step 5: Simplify
Step 6: Divide both sides by 0.00495
Step 7: Simplify