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:
C. -2
Step-by-step explanation:
hope that helps! :)
Answer:
89% of Angel's action figure collection keeps on his wall.
Step-by-step explanation:
<u>Percentages</u>
To calculate the X% of a quantity Y, we must multiply both numbers and divide by 100:
X% of Y = X * Y / 100
For example, 15% of 780 = 15 * 780 / 100 = 117
If we want to know what percentage is m with respect to n, we proceed as follows:
percentage = m / n * 100%
Anges has a 300 action figures collection, 267 of which are kept on his wall. Here m=267, n=300, thus:
percentage = 267 / 300 * 100% = 89%
89% of Angel's action figure collection keeps on his wall.
Answer:
True?
Step-by-step explanation:
I think its true but I'm not 100% sure so I would go with true. Try thinking of your past problems that you used and think about that maybe? But in then mean time, I would go with True
Answer:
was this supposed to be funny lol
Step-by-step explanation:
