The question is an annuity question with the present value of the annuity given.
The
present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt) /
(r/t) where PV = $61,600; r = interest rate = 9.84% = 0.0984; t = number
of payments in a year = 6; n = number of years = 11 years and P is the
periodic payment.
61600 = P(1 - (1 + 0.0984/6)^-(11 x 6)) / (0.0984 / 6)
61600 = P(1 - (1 + 0.0164)^-66) / 0.0164
61600 x 0.0164 = P(1 - (1.0164)^-66)
1010.24 = P(1 - 0.341769) = 0.658231P
P = 1010.24 / 0.658231 = 1534.78
Thus, Niki pays $1,534.78 every two months for eleven years.
The total payment made by Niki = 11 x 6 x 1,534.78 = $101,295.48
Therefore, interest paid by Niki = $101,295.48 - $61,600 = $39,695.48
Answer:
Since g(x) = f(2x), this means we substitute 2x in place of x for f(x):
g(x) = f(2x) = (2x)² = 4x²
Graphing this, the parabola is not moved from the parent graph f(x) = x², but the graph is compressed horizontally by a factor of 4.Step-by-step explanation:
Answer: x=2/3
Step-by-step explanation:
Answer:
24 ?
Step-by-step explanation:
50% or .5%?
12*2 = 24
Answer:
x^8
Step-by-step explanation:
(x^4)^2
~Apply power rule [ (a^b)^c = a^bc ]
x^4(2)
~Simplify
x^8
Best of Luck!