The correct answer is 19,200. Hope this helps. :)
Answer:
F = $13,802.31
she can finance $13,802.31 with this loan.
Step-by-step explanation:
Given;
Rate r = 7% = 0.07
Time t = 4 years
Payment per month MP = $250
Number of months per year n = 12
This can be solved using compound interest for future value series formula;
F = future value
F = MP(((1 + r/n)^(nt) - 1)/(r/n))
Substituting the given values, we have;
F = $250(((1 + 0.07/12)^(12×4) - 1)/(0.07/12))
F = $13,802.31
Answer:
1/64
Step-by-step explanation:
4x4^3/4^7
4^-3
1/4^3
<u>1/64</u>
<u />
<u />
Should be 22%. When trying to convert a decimal to a percent just move the decimal point two places to the right. Ex: .07 = 7% or 1.11 = 111%