Creditor 3 should receive only the minimum payment of $25. In the avalanche method, the debtor pays only the minimum payments, then pays the rest of their money to the creditor with the highest interest rate. Creditor 2 has the highest interest rate.

3 0

3 years ago

What is the value of x?

alexdok [17]

In this case, the vector is passing through a right angle as shown with the little square on the left side. (all right angles equal 90 degrees) so you would simply subtract 64 from 90. (90 - 64 = 26) so x equals 26 degrees.

4 0

3 years ago

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An investment banker deposited $50,000 in an account earning a nominal 6% per year compounded continuously. How much was in the

Orlov [11]

Answer:

The amount in the account at the end of three years will be $59,861.

Step-by-step explanation:

The formula to compute the amount at the end of <em>t</em> years, compounded continuously is:

$A=P\times e^{t\times i}$

Here,

A = Amount at the end

P = Principal amount

i = interest rate

t = number of years.

It is provided that:

P = $50,000

i = 6%

t = 3 years

Compute the amount in the account at the end of three years as follows:

$A=P\times e^{t\times i}$

$=50000\times e^{(3\times 0.06)}\\=50000\times 1.19722\\=59861$

Thus, the amount in the account at the end of three years will be $59,861.

5 0

3 years ago