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
Answer: 1/6
because there are 6 side to a cube and you can only have a outcome of 1 so therefore, the answer is 1/6
Given that a parking lot contains 100 cars, k of which happen to be lemons.
This is a conditional probability question.
Let event A be that a car is tested and event B be that a car is lemon.
The probability that a car is lemon is given by

The probability that a car is tested is given by

The probability that a car is lemon and it is tested is given by

For a conditional probability, the probablility of event A given event B is given by:

Therefore, the probability that a car is lemon, given that it is tested is given by.