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:
5.265
Step-by-step explanation:
All you have to do is add 461 to 123 and it’s s=584
Answer:
huh
Step-by-step explanation:
wheres the angle??????
One approach that might be a great help would be if you would look
at the choices ... those things at the bottom of the question that you
didn't give us.
-- One leg is 3 times the length of the other leg.
-- Any right triangle that has one leg three times as long as the other
leg is similar to this triangle.
I'll bet that if you look through the choices, you'll find one there.
