Hi there
First find the monthly payment of each offer to see which monthly payment is lower
The formula of the present value of annuity ordinary is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value
PMT monthly payment
R interest rate
K compounded monthly 12
N time
Solve the formula for PMT
PMT=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
Bank F
PMT=16,200÷((1−(1+0.057÷12)^(
−12×8))÷(0.057÷12))
=210.53
Bank G
PMT=16,200÷((1−(1+0.062÷12)^(
−12×7))÷(0.062÷12))
=238.21
From the above the monthly payment of bank f is lower than the bank g
And since the lifetime of bank g is lower than bank f the answer is
b. Yvette should choose Bank F’s loan if she cares more about lower monthly payments, and she should choose Bank G’s loan if she cares more about the lowest lifetime cost.
Good luck!
I think you mean how many thousands equal 20 hundreds. Well it's simple, 20 hundreds equal 20*100 which equals 2,000. Therefore, 20 hundreds equals 2 thousands.
Answer:
a = 324
Step-by-step explanation:
9=1/27 a -3
value of a = ?
9=(1/27) a -3
9 + 3 = (1/27) a
12 = (1/27) a
12 x 27 = a
a = 324
Answer:
12 : 4.92
Step-by-step explanation:
a= apples
12a=4.92
12 : 4.92
Firstly the equation would be y=7.7x+59
(A)The slope is 7.7 (B) and shows that there is a 7.7 charge per week the person attends.
(A)The y intercept is 59 (B) and is the initial fee that the gym charges.
