Determine the money factor for a lease with an interest rate of 9%.
2 answers:
Answer: a. 0.00375
Step-by-step explanation:
Lease is the number of months anybody will be leasing.
Money factor is the finance charge that are commonly expressed as a decimal or fraction.
<em>To calculate the money factor we need to divide the interest rate by 2400.</em>
Therefore, if interest rate = 9%
then, the money factor =
Hence, the money factor for a lease with an interest rate of 9%. = 0.00375
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Answer:
Step-by-step explanation:
a) To find the length of diagonal XT, we can use the distance formula to get
Since this is a rectangle, XT=YW, meaning YW=10 as well.
b) The area of a rectangle is given by length times width. The length is |-3-5|=8, and the width is |-2-4|=6. So the area is (8)(6)=48.
c) The perimeter is just 2(8+6)=28.
We always start from right side in order of operation in any equation
we can set up equation as
step-1:
x divided by three
we can write as
step-2:
six more than x divided by three
so, we get
step-3:
y is six more than x divided by three
so, we get
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so, we have
...............Answer