Answer: $32,732.58
Step-by-step explanation:
To calculate the total loan payment over the course of the loan period, use the future value formula:
= Loan amount * (1 + rate) ^ number of years
As this loan is compounded monthly, you need to convert certain terms to monthly figures:
Number of periods = 6 * 12 months = 72 months
Interest = 4.5 / 12 = 0.375%
Total payment:
= 25,000 * ( 1 + 0.375%)⁷²
= $32,732.58
Answer:
BOX
Step-by-step explanation:
Answer:
x= -1/9
Step-by-step explanation:
6+2x=5-7x
-2x. -2x
6=5-9x
-5. -5
1=-9x/-9
-1/9=x
He travels approximately 45 miles
