First find the total payments
Total paid
200×30=6,000 (this is the future value)
Second use the formula of the future value of annuity ordinary to find the monthly payment.
The formula is
Fv=pmt [(1+r/k)^(n)-1)÷(r/k)]
We need to solve for pmt
PMT=Fv÷[(1+r/k)^(n)-1)÷(r/k)]
PMT monthly payment?
Fv future value 6000
R interest rate 0.09
K compounded monthly 12
N=kt=12×(30months/12months)=30
PMT=6000÷(((1+0.09÷12)^(30)
−1)÷(0.09÷12))
=179.09 (this is the monthly payment)
Now use the formula of the present value of annuity ordinary to find the amount of his loan.
The formula is
Pv=pmt [(1-(1+r/k)^(-n))÷(r/k)]
Pv present value or the amount of his loan?
PMT monthly payment 179.09
R interest rate 0.09
N 30
K compounded monthly 12
Pv=179.09×((1−(1+0.09÷12)^(
−30))÷(0.09÷12))
=4,795.15
The answer is 4795.15
Answer:
B) 6.5
Step-by-step explanation:
Y. -7—— -1, 2—— 8
When x=2.5
6.5
Answer:85
Step-by-step explanation: 1,275 divided by 15
Answer:
Y=-4x
Step-by-step explanation:
We know the slope is negative since the line decreases from left to right. Starting at 0,0 we go down 4 and to the right 1 to get to the next point. Therefore the slope is the change in y over the change in x or -4/1= -4. The y intercept is 0 since it crosses the y axis at 0,0. The equation of the line in slope intercept form is y= mx+b or y= -4x
Answer:
The other length of the trapezoid is 8 mm
Step-by-step explanation:
