Answer:
Step-by-step explanation: answer is B
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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<u>Number of terms = 48</u>
<u>common difference = 1.5</u>
This question involves the concept of Arithmetic Progression.
- The formula for sum of an arithmetic progression series with first and last term given is;
=
(a + l)
where;
a = first term
l = last term
n = number of terms
- From the given sequence, we see that;
first term; a = 4
last term; l = 76
Sum of A.P;
= 1920
- Plugging in relevant values into the sum of an AP formula, we have;
1920 =
(4 + 76)
simplifying this gives;
1920 = 40n
n = 1920/40
n = 48
- Formula for nth term of an AP is;
=
+ (n - 1)d
where;
is first term
d is common difference
n is number of term
is the nth term in question
the 48th term is 76
Thus;
76 = 4 + (48 - 1)d
76 - 4 = 47d
72 = 47d
d = 72/47
d ≈ 1.5
Thus;
Number of terms = 48
common difference = 1.5
Read more at; brainly.com/question/16935540