Answer:
C
Step-by-step explanation:
The length of arc AC (L) is calculated as
L = circumference of circle × fraction of circle
= 2πr ×
= 2π × 12 ×
= 2π × 5
= 10π ≈ 31.42 → C
You are going to buy a new car worth $25,800. The dealer computes your monthly payment to be $509.55 for 60 months of financing.
What is the dealer's effective rate of return on this loan transaction? The dealer's effective rate of return is 1 1%. (Round to one decimal place.)
1 answer:
Answer:
6.9%
Step-by-step explanation:
Interest rate is the one variable in an amortization formula that cannot be determined explicitly. An iterative solution is required, which means the computation must be done by a calculator, spreadsheet, or web site.
My TI-84 TVM Solver tells me that for the given loan amount and payment schedule, the APR is about 6.9%.
You might be interested in
Answer:
True.
Step-by-step explanation:
The explicit form for an arithmetic sequence is:
where is the first term and
is the common difference.
The common difference here is 2 because the y's are going up by 2 while the x's are going up by 1.
Yes, the common difference is the slope.
So we have d=2.
The first term is 9.5 because that is what happens when x=1.
x is n.
y is .
So the answer is true.
----
You can also verify by plugging in numbers for n and see if you get the outputs mentioned in the pairs given:
Let n=1:
Let n=2:
Let n=3:
Let n=4:
Let n=5:
Let n=6:
We have confirmed that we get all 6 of the mentioned points using the equation they gave.