This question can be approached using the present value of annuity formula. The present value of annuity is given by
, where: PV is the present value/amount of the loan, P is the periodic (monthly in this case) payment, r is the APR, t is the number of payments in one year and n is the number of years.
Given that the<span> financing is for a new road bike of $2,500 and that the bike shop offers a 13.5% APR for a 24 month loan.
Thus, PV = $2,500; r = 13.5% = 0.135; t = 12 payments (since payment is made monthly); n = 2 years (i.e. 24 months)
Thus,
</span>
<span>
Therefore, his monthly payment is $119.44</span>
I believe the answer is 18, because 5x3=15, so we can only assume that N is 6x3=18.
Answer:
5/4
Step-by-step explanation:
(y₂ - y₁) / (x₂ - x₁)
(4,9) (-8, -6)
plug in
(-6 - 9) / (-8 - 4)
solve within parentheses
-15/-12
simplify
5/4
Answer:
-9x²+6
Step-by-step explanation:
f(x)=3x^2-2
g(x)=(-3) x f (x)
- g(x)= -3*3x²-3*(-2)= -9x²+6
- g(x)= -9x²+6
Answer: approximately normal
Step-by-step explanation: