Answer:
d. $10,234.80
Step-by-step explanation:
we are given
The equipment will cost $26,000
so, Amount is $26000
A=26000
should be invested today at 12%
r=12%=0.12
It is compounded semiannually
so, n=2
t=8
now, we can use formula
now, we can plug values
now, we can solve for P
3O=12/3 Divide both sides by 3.
/3
O=4
<span>
♢+2=5(4)
</span><span>♢+2=20
</span> -2 -2 Subtract 2
<span> ♢=18
</span>
2(4)+18=2∆
8+18=2∆
26=2∆
/2 /2 Divide by 2
∆=13
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Answer:
y=-6x
Step-by-step explanation:
Slope intercept form is y=mx+b where b is the y intercept and m is the slope. In this particular example, the y intercept is at (0,0), the origin, so b=0. y=mx+0 or just y=mx. Now, to determine the slope, we must look at the graph. It appears the graph intersects the point (-10, 60) as well as the point (0,0). Other than just calculating it quickly in your head, the way to get slope from that is y1-y2/x1-x2. Setting that up, 60-0/-10-0, which is 60/-10, which is equal to -6. Put that into the equation and you get y=-6x
To help you get started: Add together the monthly payments. Divide this sum by the given gross income. Here we'd get $1000/$4500, or 10/45, or 22.2%, and Tran's remaining income after debts would be $4500-$1000 = $3500.
You will have to review your class notes and/or textbook to determine "the largest piti for which he could qualify," based upon these figures.
