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quester [9]
3 years ago
15

Beulah took out a loan for $1225 at an 11.4% APR, compounded monthly, to buuy a foosball table. If she will make monthly payment

s of $101.75 to pay off tghe loan, how many total payments will she have to make?
Mathematics
2 answers:
hram777 [196]3 years ago
6 0

Answer:

13

Step-by-step explanation:

APEX

omeli [17]3 years ago
3 0
Beulah should make 13 (rounded off) payments of $101.75 for her loan amounting to $1372.18 after a year.

To answer this problem, get first the Future Value (FV) of the loan for a year. Given the APR and the amount of loan, FV is computed as follows: FV = $1225 x (1+.0095)¹² = $1372.18
Note that the APR and period were changed to 0.95% and 12, respectively because it has to be compounded monthly.  

Now, divide the FV by the monthly payment of $101.75.
Number of payments = $1372.18/$101.75 = 13.48 ≈ 13

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Find an equation of the circle with center at (-9,2) and passing through (2,-2) in the form of (x-A)^2+(y-B)^2=C where A,B,C are
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The center going through (-9,2) gives you A and B
(x - - 9)^2 + (y - 2)^2 = r^2
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Going from the center to the given point gives you the radius. We need the r^2 which is the way the distance formula works: it will give you r^2. c = r^2

d^2 = (x2 - x1)^2 + (y2 - y1)^2
x2 = -9
x1 = 2
y2 = 2
y1 = -2
r^2 = (-9 - 2)^2 + (2 - - 2)^2
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r^2 = 121 + 16
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So we get
(x + 9)^2 + (y - 2)^2 = 137
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