The question is an annuity question with the present value of the annuity given.
The
present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt) /
(r/t) where PV = $61,600; r = interest rate = 9.84% = 0.0984; t = number
of payments in a year = 6; n = number of years = 11 years and P is the
periodic payment.
61600 = P(1 - (1 + 0.0984/6)^-(11 x 6)) / (0.0984 / 6)
61600 = P(1 - (1 + 0.0164)^-66) / 0.0164
61600 x 0.0164 = P(1 - (1.0164)^-66)
1010.24 = P(1 - 0.341769) = 0.658231P
P = 1010.24 / 0.658231 = 1534.78
Thus, Niki pays $1,534.78 every two months for eleven years.
The total payment made by Niki = 11 x 6 x 1,534.78 = $101,295.48
Therefore, interest paid by Niki = $101,295.48 - $61,600 = $39,695.48
Answer:
Vanessa would draw about 70 quarters
Answer:
X=12
Step-by-step explanation:
since it is an isosceles triangle opposite sides are congruent which means 7x+24=13x-48 you then would need to subtract either the whole numbers or the variables from each side so add 48 on each side it equals to 7x+72=13x then subtract 7x from 13x and you get 72=6x divide both sides 6/6=x, 72/6 Therefore x=12 HOPE that helped mark me brainiest pls
Answer: y = 1/4x - 4
Step-by-step explanation: write it in slope intercept form y = mx + b
Answer: A ≈ 74.35
Step-by-step explanation: Explanation below.