Present value of annuity PV = P(1 - (1 + r/t)^-nt) / (r/t)
where: p is the monthly payment, r is the APR = 14.12% = 0.1412, t is the number of payments in one year = 12, n is the number of years = 2.
1,120.87 = P(1 - (1 + 0.1412/12)^(-2 x 12)) / (0.1412 / 12)
0.1412(1120.87) = 12P(1 - (1 + 0.1412/12)^-24)
P = 0.1412(1120.87) / 12(1 - (1 + 0.1412/12)^-24) = $53.88
Minimum monthly payment = 3.15% of 1120.87(1 + 0.1412/12) = 0.0315 x 1120.87(1 + 0.1412/12) = $35.72
Therefore, his first payment will be greater than the minimum payment by 53.88 - 35.72 = $18.16
The answer is 216 cubic feet. How? All you have to do is multiply every number then divide it by 2. Like this: 2*12*18=432. 432/2= 216 cubic feet.
Answer:
The answer is D.
Step-by-step explanation:
Well, all the equations are the same except for the symbol so you don't need to figure out the equation of the line.
Anyways, note that the line is dotted, which means it cannot be A nor B since they have an "equal to."
Also, note that the shaded region is above the graph. Since it is above, it means that y is greater than whatever x is.
Thus, the answer is D.
