I think you mean the total mount paid for the loan.
There is a formula for that. (See attached).
principal = 2,400
n = number of payments = 5 * 12 months = 60
rate = 10.5 / 1,200 = .00875
Loan Cost Total = (r*p*n) / (1 - (1 +r)^-n)
Loan Cost Total = .00875 * 2,400 * 60 / (1 -(1.00875^-60)
Loan Cost Total = 1,260 / (1 -
<span>
<span>
<span>
0.5929077624
</span>
</span>
</span>
)
Loan Cost Total = 1,260 /
<span>
<span>
<span>
0.4070922376
</span>
</span>
</span>
Loan Cost Total =
<span>
<span>
<span>
3,095.12
</span></span></span>
Answer:
21.75
Step-by-step explanation:
14.50 divide-by 2 = 7.25 so 14.50 + 7.25= 21.75
Hey :)
The answer is 50400 ways
Because,
The word 'CORPORATION' has 11 letters.
It has the vowels 'O', 'O', 'A', 'I', 'O' in it and these 5 vowels should always come together.
These 5 vowels can be grouped and considered as a single letter. CRPRTN (OOAIO).
Hence we can assume total letters as 7. But in these 7 letters, 'R' occurs 2 times and rest of the letters are different.
Hope this helps!