If f(x) = 2x + 1, find f(1).
1 answer:
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Answer:
The semi annual payment is $4144.95
Step-by-step explanation:
Given as :
The price of computer software = $5,200
The down payment amount = $1000
So, The rest amount after down payment = $5,200 - $1,000 = $4,200
Now, The principal amount of finance = p = $4,200
The rate of interest = r = 12%
The time period of loan = t = 6 years
Let The Amount after 6 years = $A
<u>Now, From compounded method</u>
Amount = Principal ×
Or, A = p ×
Or, A = $4,200 ×
Or, A = $4,200 ×
Or, A = $4,200 × 1.9738
∴ A = $8289.9
So, The semi annual payment =
Or, The semi annual payment =
∴ The semi annual payment = $4144.95
Hence, The semi annual payment is $4144.95 Answer