Answer:
C. 16 months faster
Step-by-step explanation:
You can solve this using a Financial calculator( TI BA II plus in this case)
First, find number of months if recurring monthly payment is $38.50;
Amount borrowed ; PV = -950
Monthly rate ; I/Y = 7.2%/12 = 0.6%
Monthly payment; PMT = 38.50
Future value ; FV = 0
Total duration; press CPT, N = 26.785 OR 27 months
Next, find number of months if recurring monthly payment is $93;
Amount borrowed ; PV = -950
Monthly rate ; I/Y = 7.2%/12 = 0.6%
Monthly payment; PMT = 93
Future value ; FV = 0
Total duration; press CPT, N = 10.573 OR 11 months
Difference = 27 -11 = 16
Therefore, she would be able to pay off the loan 16 months faster.
Answer:
GF = 16.25
Step-by-step explanation:
If G is the circumcenter of triangle ABC, AG = 6x + 1, GC = 9x – 11, and BC = 38, find GF.
Step 1
We find x
AG = GC
6x + 1 =9x - 11
Collect like terms
1 + 11 = 9x - 6x
12 = 3x
x = 12/3
x = 4
Step 2
We solve for AG
GC = 9x + 11
GC = 9(4) + 11
GC = 36 + 11
GC = 25
Step 3
Solving for GF, using Pythagoras Theorem
GF² + BG² = GC²
GF² = GC² - BG²
GF = √GC² - BG²
GF = √25² - 19²
GF = √264
GF = 16.248076809
GF = 16.25
Step-by-step explanation:
your expression for the dependence of r on S is correct
