Answer:
Step-by-step explanation:
the most money a housing expert would advise her to spend on a monthly mortgage payment would be 1,645
Answer: there you go
Step-by-step explanation:
Answer:
P(t) = 9800(1.06)^t
P(8) = 15620
Step-by-step explanation:
For growth the equation is
y = ab^x where a is the initial value, b = 1 plus the growth percentage, and x is the number of years
P(t) = 9800 (1+.06) ^t
P(t) = 9800(1.06)^t
from 2000 to 2008 is 8 years
P(8) = 9800(1.06)^8
15619.71113040224768
We can only have whole foxes
P(8) = 15620
Just a moment while I review this
The <em>simple annual interest</em> rate for the $ 525 loan is equal to 46.35 %.
<h3>What is the interest rate behind a pay back?</h3>
In this situation we assume that the loan does not accumulate interests continuously in time. Hence, the <em>interest</em> rate for paying the loan back 75 days later is:
575 = 525 · (1 + r/100)
50 = 525 · r /100
5000 = 525 · r
r = 9.524
The loan has an <em>interest</em> rate of 9.524 % for 75 days. <em>Simple annual interest</em> rate is determine by rule of three:
r' = 9.524 × 365/75
r' = 46.350
The <em>simple annual interest</em> rate for the $ 525 loan is equal to 46.35 %.
To learn more on interests: brainly.com/question/26457073
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