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Vikki [24]
3 years ago
15

. Gerald wants to borrow $12,000 in order to buy an engagement ring. He wants to repay the loan by making monthly installments f

or two years.
If the interest rate on this loan is 9 1 2 % per year, compounded monthly, what is the amount of each payment?
Mathematics
1 answer:
garri49 [273]3 years ago
6 0

Answer:

  $550.97

Step-by-step explanation:

The amortization formula will tell you the payment amount.

  A = P(r/12)/(1 -(1 +r/12)^(-12t))

where A is the monthly payment, P is the principal amount of the loan, r is the annual interest rate, t is the number of years. Using your values, this is ...

  A = $12,000(0.095/12)/(1 -(1 +0.095/12)^(-12·2)) ≈ $550.97

The amount of Gerald's payment is $550.97.

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1854times845 could someone help me​
vivado [14]

Answer:

1,566,630

Step-by-step explanation:

1854*845=1,566,630

8 0
2 years ago
What kind of sequence is the pattern 1, 6, 7, 13, 20, ...?
AlexFokin [52]

Answer:

The given sequence 6, 7, 13, 20, ... is a recursive sequence

Step-by-step explanation:

As the given sequence is

6, 7, 13, 20, ...

  • It cannot be an arithmetic sequence as the common difference between two consecutive terms in not constant.

As

d = 7-6=1,  d = 13-7=6

As d is not same. Hence, it cannot be an arithmetic sequence.

  • It also cannot be a geometrical sequence and exponential sequence.

It cannot be geometric sequence as the common ratio between two consecutive terms in not constant.

As

r = 7-6=1,  r = 13-7=6

r = \frac{7}{6},  r = \frac{13}{7}

As r is not same, Hence, it cannot be a geometric sequence or exponential sequence. As exponential sequence and geometric sequence are basically the same thing.

So, if we carefully observe, we can determine that:

  • The given sequence 6, 7, 13, 20, ... is a recursive sequence.

Please have a close look that each term is being created by adding the preceding two terms.

For example, the sequence is generated by starting from 1.

     {\displaystyle F_{1}=1

and

     {\displaystyle F_{n}=F_{n-1}+F_{n-2}}

for n > 1.

<em>Keywords: sequence, arithmetic sequence, geometric sequence, exponential sequence</em>

<em>Learn more about sequence from brainly.com/question/10986621</em>

<em>#learnwithBrainly</em>

6 0
3 years ago
Please help fast.
podryga [215]

\huge{\underline{\boxed{\tt{Answer:}}}}

Let AB be a chord of the given circle with centre and radius 13 cm.

Then, OA = 13 cm and ab = 10 cm

From O, draw OL⊥ AB

We know that the perpendicular from the centre of a circle to a chord bisects the chord.

∴ AL = ½AB = (½ × 10)cm = 5 cm

From the right △OLA, we have

OA² = OL² + AL²

==> OL² = OA² – AL²

==> [(13)² – (5)²] cm² = 144cm²

==> OL = √144cm = 12 cm

Hence, the distance of the chord from the centre is 12 cm.

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8 0
3 years ago
Help me on this math question please
hodyreva [135]

The Green Line represents \green{\text{Table I}}.

The Blue Line represents \blue{\text{Table II}}.

Both Tables show proportional relationship.

8 0
2 years ago
Alicia receives 2/5 of a $120 gift, and Jason receives 1/3 of the gift. What is the ratio of Jason's share to Alicia's share? Ex
maria [59]

Answer:

5/6

Step-by-step explanation:

Step 1: Find Alicia's share of the gift. To do this, all you have to do is multiply 120 by 2/5, which is 40%. 120 * 40% (0.4) is 48. Alicia's share is $48.

Step 2: Find Jason's share of the gift. In this case, divide 120 by 3. 120/3 is 40. Jason's share is $40.

Step 3: Express the numbers as a fraction and simplify it. 40/48 is the common fraction. Find the GCF of 40 and 48. When you solve for it, the GCF is 8. Divide both the numerator and the denominator by 8. 40/8 is 5/ 48/8 is 6. There. 5/6 is our simplified fraction, which is the ratio.

8 0
3 years ago
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