Given:
PV = 13,440
i = 5.86% , compounded monthly
t = 4 years
13,440(0.0586/12))/(1-(1+0.0586/12)^-48= 15,109.44
15,109.44 + 156.60 = 15,266.04
15,266.04 - 13,440.00 = 1,826.04
<span>1,826.04/15,266.04 = 11.96 % Percentage total of Finance Charge of the total loa</span>
Answer:
$300
Step-by-step explanation:
Let's say that L is the amount of money Luisa had in the beginning, and C is the amount of money Connor had in the beginning.
C + L = 360
C - 2/5 C = L + 2/5 C
Simplifying the second equation:
3/5 C = L + 2/5 C
1/5 C = L
Substituting into the first equation:
C + 1/5 C = 360
6/5 C = 360
C = 300
Connor originally had $300, and Luisa $60. Connor gave Luisa $120, and they both had $180.
X should equal 52. Sorry if I am wrong.
Step-by-step explanation:
hope you can understand
