Here! this is how you do it!
Express 8.218.21 8.21 8, point, 21 as a mixed number.
1 answer:
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Paying $46.50 monthly, a financial calculator says it will take 30 months to pay off the loan.
Paying $71.00 monthly, it will take 19 months to pay off the loan.
Making the higher payment, Drew can pay off his loan 11 months sooner.
_____
If you solve the amortization formula for n, the number of payments, you get
... n = -log(1-(Pi/A))/log(1+i)
where P is the principal value of the loan (1250), i is the monthly interest rate (.007), A is the monthly payment (46.50 or 71.00).
Answer:
11 minutes.
Step-by-step explanation:
To find the median queing time from the cumulative frequency curve, we find
and trace it on the cumulative frequency curve.
From the graph, that total frequency is 100.
Half of this 50.
We trace the 50th item.
First locate 50 on the vertical axis and trace to the horizontal axis.
This corresponds to 11.
Note that each box is 0.5 units on the queing time axis.
