The group of values plugged into the TVM Solver of a graphing calculator that will return the amount of a 25-year loan with an APR of 16.8%, that is paid off with monthly payments of $340 is:
A. N=300; 1%-1.4; PV = PMT=-340; FV=0; P/Y=12; C/Y=12;PMT:END
What is monthly compounding?
Monthly compounding in this case the number of payments would be the number of monthly payments in 25 years, which is 300 monthly payments(i.e. 12*25=300), this means that options B and D are obviously incorrect because number of payments, N is given as 25( 25 years instead of 300 months)
What is monthly interest rate?
The monthly interest is the annual interest rate of 16.8% divided by 12, which is 1.40%, in short, option C is also wrong because I/Y(monthly interest rate) was as shown as an interest rate of 16.8% instead of 1.40%
Overall, the correct option is A, because the number of payments and interest rate were stated correctly, unlike other options that were incorrectly written
Find out about more about TVM Solver notations on:brainly.com/question/14586708
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A = 28000(0.9275)^5
a = 19219
$19,219 is the answer
Hoped this helped
Hi there!
Okay, so I was a bit confused by your question, but I tried to make it a bit easier and work out.
There was two ways I did this because I didn't want to NOT answer your question!
What about this:
3.2/15 cannot be simplified lower than what it is. Decimal form is 0.2133333 (repeating). I answered this part because I didn't know what 3. was (I at first thought it was part of the numerator. But now that I look at it again it may have been a question number. But just in case, I answered it like this anyway.)
Next!
I solved 2/15, which also cannot be simplified down lower than what it is. It's decimal form is 0.133333 (another repeating decimal.)
And so as you can see I answered two problems for you. If these are incorrect, let me know!
Hope this helps!
To find the area of a regular polygon, all you have to do is follow this simple formula: area = 1/2 x perimeter x apothegm. Here is what it means: Perimeter = the sum of the lengths of all the sides. Apothegm = a segment that joins the polygon's center to the midpoint of any side that is perpendicular to that side.
