Answer:
5.04
Step-by-step explanation:
He actually borrowed P=21349-3000=18349 (present value)
Assume the monthly interest is i.
then future value due to loan:
F1=P(1+i)^n=18349(1+i)^(5*12)=18349(1+i)^60
future value from monthly payment of A=352
F2=A((1+i)^n-1)/i=352((1+i)^60-1)/i
Since F1=F2 for the same loan, we have
18349(1+i)^60=352((1+i)^60-1)/i
Simplify notation by defining R=1+i, then
18349(R^60)-352(R^60-1)/(R-1)=0
Simplify further by multiplication by (R-1)
f(R)=18349*R^60*(R-1)-352(R^60-1)=0
Solve for R by trial and error, or by iteration to get R=1.004732
The APR is therefore
12*(1.004732-1)=0.056784, or 5.678% approx.
Answer:
16
General Formulas and Concepts:
<u>Pre-Algebra</u>
Order of Operations: BPEMDAS
- Brackets
- Parenthesis
- Exponents
- Multiplication
- Division
- Addition
- Subtraction
Equality Properties
- Multiplication Property of Equality
- Division Property of Equality
- Addition Property of Equality
- Subtraction Property of Equality<u>
</u>
<u>Trigonometry</u>
[Right Triangles Only] Pythagorean Theorem: a² + b² = c²
- a is a leg
- b is another leg
- c is the hypotenuse<u>
</u>
Step-by-step explanation:
<u>Step 1: Define</u>
<em>Identify variables</em>
Leg <em>a</em> = <em>a</em>
Leg <em>b</em> = 12
Hypotenuse <em>c</em> = 20
<u>Step 2: Solve for </u><em><u>a</u></em>
- Substitute in variables [Pythagorean Theorem]: a² + 12² = 20²
- Evaluate exponents: a² + 144 = 400
- [Subtraction Property of Equality] Isolate <em>a</em> term: a² = 256
- [Equality Property] Square root both sides: a = 16
Answer:12
Step-by-step explanation:
Because I’m right anywhere
Answer:
Area = 112cm^2
Step-by-step explanation:
Area = (a + b)*h / 2
M = (a + b) / 2
14 = (a + b) /
2*14 = a + b
28 = a + b
Area = 28*8 / 2
Area = 112 cm^2
