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Nimfa-mama [501]
3 years ago
9

Ramon took out a car loan with an interest rate of 10 percent and paid $100 in loan application fees. What term describes the am

ount of interest Ramon will pay?
down payment
capacity
APR
capital
Mathematics
1 answer:
Drupady [299]3 years ago
7 0
<span>The term describes the amount of interest Ramon will pay is APR, annual percent rate which is 10%. The term annual percentage rate of charge (APR<span>), corresponding sometimes to a nominal </span>APR<span> <span>and sometimes to an effective </span></span>APR<span> <span>(or EAPR), describes the interest rate for a whole year (annualized), rather than just a monthly fee/rate, as applied on a loan,<span> </span></span></span></span>
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Which equation could be used to calculate the sum of the geometric series? One-third + two-ninths + StartFraction 4 Over 27 EndF
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Answer:

S 5 = StartFraction one-third (1 minus (two-thirds) Superscript 5 Baseline) Over (1 minus two-thirds) EndFraction

Step-by-step explanation:

Given the geometric series:

1/3+2/9+4/27+8/81+16/243

First we must know that the series is a finite series with just 5terms.

Before we can know the formula to calculate sum of the first five terms of the series, we must determine its common ratio (r) first.

r = (2/9)÷1/3 = 4/27÷2/9= 8/81÷4/27

r = 2/9 × 3/1

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r = 4/27×9/2

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Since all values of r is the as them the common ratio is 2/3.

If r< 1 in geometric series, then the formula for finding its sum is applicable

Sn = a(1-rⁿ)/1-r

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r is the common ratio = 2/3

n is the number of terms = 5

Substituting the values in the formula we have:

S5 = 1/3{1-(2/3)^5}/1-2/3

This gives the requires equation

S 5 = StartFraction one-third (1 minus (two-thirds) Superscript 5 Baseline) Over (1 minus two-thirds) EndFraction

4 0
3 years ago
Read 2 more answers
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