Answer:
$526.3 is the monthly payment
Step-by-step explanation:
We use the compound interest formula to calculate the total amount payable on the loan.
Mathematically;
A = P(1 + r/n)^nt
Where A is the amount to pay
P is amount borrowed = 22,000
r is interest rate = 7.25/100 = 0.0725
t is years = 5 years
n is the number of times we compound lee year = 12 times since it’s monthly
Substituting these values, we have
A = 22,000(1 + 0.0725/12)^(12)(5)
A = 22,000(1 + 0.006041666666667)^60
A = $31,578
Monthly payment is total amount/ number of months
There are sixty months in 5 years
So monthly payment is 31578/60 = $526.3
Answer:
475 will be rounded to 480, since 5 will always round up.
<em>Answer:</em>
<em>4</em>
<em>Step-by-step explanation:</em>
<em>2(6x+4)-6+2x=3(4x+3)+1</em>
<em>=14x+2=12x+10</em>
<em>=14x+2-2=12x+10-2</em>
<em>=14x=12x+8</em>
<em>=14x-12x=12x+8-12x</em>
<em>=2x=8</em>
<em>=2x/2=8/2</em>
<u><em>x=4</em></u>
<u><em></em></u>
Answer:
w+7=25
Step-by-step explanation:
if you need it solved its
w+7=25
-7 -7
w=18
Answer:
i'll answer the question after you clarify for me, if f(x) =-2x +3
then f (this is what you need to clarify for me please, theres 2 end parenthesis, but no start parenthesis and 2 numbers and 2 equal signs. what needs solved?)
Step-by-step explanation: