9514 1404 393
Answer:
$7641.24
Step-by-step explanation:
The amortization formula tells the payment amount.
A = P(r/n)/(1 -(1 +r/n)^(-nt))
where principal P is paid off in t years with n payments per year at interest rat r.
Using the given values, we find ...
A = $7000(0.165/12)/(1 -(1 +0.165/12)^-12) = $7000×0.01375/(1 -1.01375^-12)
A = $636.77
The total of 12 such payments is ...
$636.77 × 12 = $7641.24
You will pay a total of about $7641.24.
_____
<em>Additional comment</em>
Since the payment amount is rounded down, the actual payoff will be slightly more. Usually, the lender will round interest and principal to the nearest cent on each monthly statement. The final payment will likely be a few cents more than the monthly payment shown here.
Answer:
27
General Formulas and Concepts:
<u>Pre-Algebra</u>
Order of Operations: BPEMDAS
- Brackets
- Parenthesis
- Exponents
- Multiplication
- Division
- Addition
- Subtraction
Step-by-step explanation:
<u>Step 1: Define</u>
3 - 6(z - 2)
z = -2
<u>Step 2: Evaluate</u>
- Substitute in <em>z</em>: 3 - 6(-2 - 2)
- (Parenthesis) Subtract: 3 - 6(-4)
- Multiply: 3 + 24
- Add: 27
C
Because i know so yea. hola soy dora.
Answer:
Option "D" is the correct answer to the following question.
Step-by-step explanation:
Given:
Return on U.S.Treasury bills = 4%
Potential return on stock investment = 10%
Find:
Additional risk of investing in the stock (Risk premium) = ?
Computation:
⇒ Additional risk of investing in the stock (Risk premium) = Potential return on stock investment - Return on U.S.Treasury bills
⇒ Additional risk of investing in the stock (Risk premium) = 10% - 4%
⇒ Additional risk of investing in the stock (Risk premium) = 6%
