First, you need to collect the like terms; 7x + (-20 - 90). Next simplify; 7x - 110
answer; 7x - 110
It is C. 2/3 because the original fraction would be 4/6, and if you simplify that, you get 2/3
Answer:
Total cost of the loan $55,969.8.-
Step-by-step explanation:
Giving the following information:
An amount of $32,000 is borrowed for 10 years at 5.75% Interest, compounded annually.
<u>To calculate the total cost of the loan, we need to use the Future Value (FV) formula:</u>
<u></u>
FV= PV*(1 + i)^n
PV= loan
i= interest rate
n= number of periods
FV= 32,000*(1.0575^10)
FV= $55,969.8