The present worth of the loan is <span>$6,250
</span>The start of payment will after 4 years
The nominal interest rate is 6.1% compounded monthly which is equal to 6.27% effective.
The future worth (after graduation) of the loan is
F = <span>$6,250 (1 + 0.0627)^4 = $7,971.18
The interest is
</span>$7,971.18 - $6,250 = $1,721.18
I didn't round off when solving these so it's not the exact answer among the choices but the closest is letter B <span>$1,722.22</span>
Answer:
It is an undefined slope
Step-by-step explanation:
It has a slope of 0/6, meaning it is an undefined slope. Since it is an undefined slope it will draw a vertical line.
9514 1404 393
Answer:
- Josh: 32 mph, 64 mi
- Greg: 64 mph, 320 mi
Step-by-step explanation:
Let x represent Josh's rate of travel in miles per hour. After 2 hours, his distance is ...
distance = speed · time
distance = x · 2 = 2x
Then 2x is Greg's rate of travel After 5 hours, his distance is ...
distance = speed · time
distance = (2x) · 5 = 10x
The distance they are apart is ...
10x -2x = 256
8x = 256
x = 32
__
Josh's rate: 32 miles per hour; Josh's distance = (2 h)(32 mi/h) = 64 miles.
Greg's rate: (32 mi/h)·2 = 64 mi/h; Greg's distance = (5 h)(64 mi/h) = 320 miles.
<em>__</em>
<em>Check</em>: 320 miles - 64 miles = 256 miles . . . . correct separation
Answer:
84.9
Step-by-step explanation:
The weighted mean is given by the sum of the products of each grade by its respective weight. If the first four grades correspond to 15% of the final grade each, and the final exam is equivalent to 40% of the final grade, Michael's final grade is:
Michael's final weighted mean is 84.9.
