Answer:
3
Step-by-step explanation:
T = 4
divide each term by 2 and simplify
2(t+1)/2 = 10/2
t+1 = 10/2
t+1=5
t=5-1
t=4
The formula is
A=p (1+r)^t
A future value?
P present value 675
R interest rate 0.09
T time 7 years
A=675×(1+0.09)^(7)=1,233.93
Answer:
finance charge refund is $91.53
Step-by-step explanation:
given data
finance charge F = $476
time t = 12 month
no of payment n = 5
to find out
finance charge refund
solution
we will apply here finance charge refund formula that is
finance charge refund = F × 
put here value we get
finance charge refund = 476 × 
finance charge refund = 476 × 
finance charge refund = 476 × 
finance charge refund = 476 × 0.1923
finance charge refund = 91.53
so finance charge refund is $91.53