Answer:
C. 16 months faster
Step-by-step explanation:
You can solve this using a Financial calculator( TI BA II plus in this case)
First, find number of months if recurring monthly payment is $38.50;
Amount borrowed ; PV = -950
Monthly rate ; I/Y = 7.2%/12 = 0.6%
Monthly payment; PMT = 38.50
Future value ; FV = 0
Total duration; press CPT, N = 26.785 OR 27 months
Next, find number of months if recurring monthly payment is $93;
Amount borrowed ; PV = -950
Monthly rate ; I/Y = 7.2%/12 = 0.6%
Monthly payment; PMT = 93
Future value ; FV = 0
Total duration; press CPT, N = 10.573 OR 11 months
Difference = 27 -11 = 16
Therefore, she would be able to pay off the loan 16 months faster.
Answer:
$255
Step-by-step explanation:
250*.85=212.5
212.5*1.2=255
Given:
Ava estimates that 475 songs will fit on her iPad.
The actual amount of songs that fit is 350.
To find:
The percent of error.
Solution:
We know that,
Putting the given values, we get
Therefore, the percent of error is 35.71%.
Answer:
12
Step-by-step explanation:
you divide 24 by 2 because it is multiplication, and the opposite is division.
8n+52=12(n+2)
distribute
8n+52 = 12n+24
subtract 8n from each side
52=4n +24
subtract 24 from each side
28 = 4n
divide by 4 on each side
7=n
