Answer:
A
Step-by-step explanation:
We know million has 6 zeros.
So, 1 million would be written as:
1,000,000
Similarly, 27 million would be written as:
27,000,000
We know writing a number in scientific notation would make this a decimal in 1 decimal place, so we would select "2.7" as the base of the scientific number.
Now, how many places to the right do we need to go (in 2.7) to make it 27,000,000?
Counting, we see: 7 places
So, power of 10 would be "7", thus we can write:
Answer choice A is right
He actually borrowed P=21349-3000=18349 (present value)
Assume the monthly interest is i.
then future value due to loan:
F1=P(1+i)^n=18349(1+i)^(5*12)=18349(1+i)^60
future value from monthly payment of A=352
F2=A((1+i)^n-1)/i=352((1+i)^60-1)/i
Since F1=F2 for the same loan, we have
18349(1+i)^60=352((1+i)^60-1)/i
Simplify notation by defining R=1+i, then
18349(R^60)-352(R^60-1)/(R-1)=0
Simplify further by multiplication by (R-1)
f(R)=18349*R^60*(R-1)-352(R^60-1)=0
Solve for R by trial and error, or by iteration to get R=1.004732
The APR is therefore
12*(1.004732-1)=0.056784, or 5.678% approx.
Answer:
-3/2
Step-by-step explanation:
(Y2-Y1)/(X2-X1)
(-4 - 5) / (4 - (-2))
-9 / 6
Simplified: -3/2
