For the answer to the question on what is <span>the semi-annual payment on a 3-year loan of $8,561 at 9.1% compounded semi-annually.
The answer to this question is </span><span>The semi-annual payment on a 3-year loan of $8,561 at 9.1% compounded semi-annually is $1,662.47.
I hope my answer helped you.</span>
This problem is mainly concerned with setting up an equation.
let's add the interest rates times their respective investment amounts:
simplify:
sum of interest:
1780 = (9000+x) 0.10 + x 0.06 + (11000-2x)0.08
solution:
He does not have any invested in the 6%, while he has 9000 invested at 10% and 11,000 invested at 8%
to check:
So this ended up being a trick problem because he does not actually have any invested in the 6% option.
The diameter of the circle would be a line going through the center of the circle connecting to both sides.
The radius of a circle would be a line only going to the the center, or in other words, half the circle.
I hope this makes sense!