The group of values plugged into the TVM Solver of a graphing calculator that will return the amount of a 25-year loan with an APR of 16.8%, that is paid off with monthly payments of $340 is:
A. N=300; 1%-1.4; PV = PMT=-340; FV=0; P/Y=12; C/Y=12;PMT:END
What is monthly compounding?
Monthly compounding in this case the number of payments would be the number of monthly payments in 25 years, which is 300 monthly payments(i.e. 12*25=300), this means that options B and D are obviously incorrect because number of payments, N is given as 25( 25 years instead of 300 months)
What is monthly interest rate?
The monthly interest is the annual interest rate of 16.8% divided by 12, which is 1.40%, in short, option C is also wrong because I/Y(monthly interest rate) was as shown as an interest rate of 16.8% instead of 1.40%
Overall, the correct option is A, because the number of payments and interest rate were stated correctly, unlike other options that were incorrectly written
Find out about more about TVM Solver notations on:brainly.com/question/14586708
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Answer:
The equation of the line is 6y = 7x + 23
Step-by-step explanation:
We begin by calculating the slope of the line;
mathematically, the slope is given by;
m = (y2-y1)/(x2-x1)
That would be;
m= (5-(-2))/(1-(-5))
m = 7/6
So the equation becomes;
y = 7/6x + b
We below need to get the value of the y-intercept b
We get this by making a substitution for any of the two points
Let’s say we make the substitution for (-5,-2) in which case y = -2 and x = -5
Thus, we have
-2 = 7/6(-5) + b
-2 = -35/6 + b
b = -2 + 35/6
b = (-12+ 35)/6 = 23/6
So we have;
y = 7/6x + 23/6
let’s multiply through by 6
6y = 7x + 23
Answer: 1 to 6 or 1/6
Step-by-step explanation:
5 to 30 is 5/30
simplify to 1/6 because both the 5 and 30 are divisible by 5
Cannot reduce, it is already in simplest form. You can convert it to a decimal though, 0.671875
Answer:
Step-by-step explanation:
Should be 5,-2 OR NOT
