Answer:
yeah the answer is (40,10)
The borrower owes $14,760.82 at the end of 8 years
What is compounding interest?
Compounding interest means that earlier interest would earn more interest in the future alongside the loan principal.
Note that in this case the loan continues to accumulate interest because there no repayments, in other words, the loan balance after 8 years, which comprises of the principal and interest for 8 years can be computed using the future value formula of a single cash flow(the single cash flow is the principal) as shown thus:
FV=PV*(1+r/n)^(n*t)
FV=loan balance after 8 years=unknown
PV=loan amount=$5,000
r=annual interest=14%
n=number of times in a year that interest is compounded=2(twice a year)
t=loan period=8 years
FV=$5000*(1+14%/2)^(2*8)
FV=$5000*(1.07)^16
FV=$5000*2.95216374856541
FV=loan balance after 8 years=$14,760.82
Find out more about semiannual compounding on:brainly.com/question/7219541.
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See Quadratic Formula and Determinant's/Delta's formula
Answer:
The point (2, -1 ) is not on the graph of the line.
Step-by-step explanation:
3x–4y–12=0
3*2 - 4*(-1) - 12= 0
6 + 4 - 12 =0
10 - 12 = 0
- 2 = 0 , false, so the point (2, -1 ) is not on the graph of the line.
He is making $9 an hour bc 81/9=9
9x26=$234
9x35=$315
after working 26 full hours he will have made a total of $234
total earnings:$315
I hope that is what you were looking for!
