Answer:
$8,029.91
Step-by-step explanation:
You have to use the exponential growth equation:
A=P(1+r)^t
Where A is the final amount, P is the initial amount, r is the rate of increase, and t is the time in years. So:
A=6,600(1+0.04)^5
(The rate has to be changed into a decimal)
Then, just plug this equation into a calculator (without the A= part, so just 6,600(1+0.04)^5) and you'll get the answer.
The answer would be (2,3).
Try sketching it out, it helps :)
Answer:
37.5
Step-by-step explanation:
50+160=210.
210 is a 31.25% increase from 160
Multiply 120 by 1.3125 to get 157.5
subtract 120 from 157.5 to get a 37.5km increase or a 31.25% increase :)
Answer:Balloon payment:$84,646.62
Step-by-step explaination:
Monthly payment
Monthly principal and interest payment (PI). The monthly payment is calculated using a term up to 15 years.
Total interest paid:$22,374.55
Total regular payments:$51,227.93
Balloon payment:$84,646.62