To find the monthly payment use the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv student loan 17500
PMT monthly payment?
R interest rate 0.06
K compounded monthly 12 because the payments are monthly.
N time 3 years
Solve the formula for PMT to get
PMT=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
PMT=17,500÷((1−(1+0.06÷12)^(
−12×3))÷(0.06÷12))
=532.38
The total amount paid
532.38×12months×3 years
=19,165.68
The percentage is paid toward the principal is
(17,500÷19,165.68)×100
=91.31%
The percentage is paid for interest is
((19,165.68−17,500)÷19,165.68)×100
=8.69%
Hope it helps!
Hello:
f(x) =6sin(x)
f'(x) = 6 cos(x)
the equation of the tangent line is : y=f'(π/6)(x-π/6)+f(<span>π/6)
f'(</span>π/6)=6cos(π/6)=6×(√3/2)=3<span>√3
f(</span>π/6) =3
the equation is : y = 3√3(x-π/6)+3
Answer:
y = (3/2)x + 7
Step-by-step explanation:
(−4, 1) and (−2, 4)
slope m = rise/run = (4-1)/(-2-(-4)) = 3/2
Slope intercept form is y=mx+b
where m=slope, b = y-inercept
y = (3/2)x + b
Use one of the given points for (x,y) to find b
1 = (3/2)(-4) + b
1 = -6 + b
7 = b
y = (3/2)x + 7
I think (7,10)
I hope that I helped ;D