Answer:
7
Step-by-step explanation:
Recall that a factor is a number that can divide a number and return a whole number as the quotient.
In this case, 91 / 7 = 13
So 7 is a factor
Since the problem is requiring us to use the loan repayment calculator and here is what the calculator gave:
Loan Balance: $25,506.00
Adjusted Loan Balance: $25,506.00
Loan Interest Rate: 6.80%
Loan Fees: 0.00%
Loan Term: 10 years
Minimum Payment: $0.00
Monthly Loan Payment: $293.52
Number of Payments: 120 months
Cumulative Payments: $35,223.07
Total Interest Paid: $9,717.07
It is projected that you will need an annual salary of a minimum $35,222.40 to be capable to have enough money to repay this loan. This approximation assumes that 10% of your gross monthly income will be keen to repaying your student loans. This resembles to a debt-to-income ratio of 0.7. If you use 15% of your gross monthly income to repay the loan, you will need an annual salary of only $23,481.60, but you may experience some financial difficulty. This corresponds to a debt-to-income ratio of 1.1.
Answer:
they are perpendicular
Step-by-step explanation :
<u>If you graph both equations you will see that they Intersect with each other.</u><u>
</u>
12226 stores will be there in 2016
<em><u>Solution:</u></em>
<em><u>The growth function is given as:</u></em>
Where,
y is the future value
a is the initial value
r is the growth rate
t is the number of years
From given,
In 2000, a company had 1147 stores nationwide
By 2002, this total had grown to 1542
Therefore,
y = 1542
a = 1147
t = 2000 to 2002 = 2 years
r = ?
<em><u>Substituting we get,</u></em>
Taking square root of both sides
<em><u>If the number of stores continues to grow exponentially at the same rate, how many stores will there be in 2016?</u></em>
Therefore,
y = ?
a = 1147
r = 0.1594
t = 2000 to 2016 = 16 years
<em><u>Substituting we get,</u></em>
Thus 12226 stores will be there in 2016
Subtract m from both sides.
Add 7 to both sides.
Therefore, m = 11.
