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!
Answer:
D
Step-by-step explanation:
point-slope form is y-y1=m(x-x1) . since the slope is 2 and not -2, you can automatically eliminate choices A and C. since the y-value in the point, (1,-1), is -1, you will add it to y because you are subtracting a negative. (- - = +) therefore, the final equation, in point-slope form, is y+1=2(x-1), or answer choice D.
Answer: 777600
Step-by-step explanation:
you times 12 by 4 then you times 3000 by 5.4 and add the two answers
Answer:
2/8, 3/12, 4/24, 5/20, 6/24, 7/28, 8/32, 9/36, 10/40, etc.
Step-by-step explanation:
