In this equation, we are solving for f. The first thing we have to do is get rid of the denominator, so we have to multiply both sides by 9, which leaves us with 9C=5*(f-32). Then we divide both sides by 5, which is 9/5C=f-32. The last thing we have to do is add 32 to both sides to isolate f, which gives us our final equation of (5/9)C+32=f.
Given:
PV = 13,440
i = 5.86% , compounded monthly
t = 4 years
13,440(0.0586/12))/(1-(1+0.0586/12)^-48= 15,109.44
15,109.44 + 156.60 = 15,266.04
15,266.04 - 13,440.00 = 1,826.04
<span>1,826.04/15,266.04 = 11.96 % Percentage total of Finance Charge of the total loa</span>
Answer: Sample size would be 296.
Step-by-step explanation:
Since we have given that
Standard deviation = 4.8 hours
Margin of error = 0.65 hours
At 98% level of confidence, z = 2.33
So, It becomes,
Hence, sample size would be 296.
