Use the attached formula.
r = 6 / 1,200 = .005
Principal = 15,000
n = number of payments = 5 yrs * 12 months = 60
TOTAL Loan Cost = (.005 * 15,000 * 60) / 1 -(1.005^-60)
TOTAL Loan Cost = 4,500 / (1 -
<span>
<span>
<span>
0.7413721962</span></span></span>)
TOTAL Loan Cost = 4,500 /
<span>
<span>
<span>
0.2586278038
</span>
</span>
</span>
TOTAL Loan Cost =
<span>
<span>
<span>
17,399.52</span></span></span>
Although it is NOT one of the choices, I think my answer of 17,399.52 is correct. Using a monthly loan payment calculator, I get 289.99 for the monthly payment. 290*60 months = 17,400 so that seems correct.
I do not think that formula you posted is correct. (Compare it to the one I posted.)
Answer:
B
Step-by-step explanation:
The solutions are the coordinates of where the lines intersect.
Answer:
X = 12000
Step-by-step explanation:
1200 is 10% of X
Writing in equation form, we get,

Answer: The lengths between AB and AD is 0.
Step-by-step explanation:
(0,6) Find the difference in Y and the difference in x .
(-3,0)
3^2 + 6 ^2 = Length^2
9 + 36= length^2
45 = Length^2
(4,4)
(7,-2)
3^2 + 6^2= length^2
9 + 36 = length^2
45= length^2
For a non-resident:

For a resident:

We want to know the number of days
such that the two costs are equal ie 
To do this set the two costs equal to each other:


And solve for d:




The costs will be equal when a resident and a non-resident each use the beach for 12 days.