First find the total payments
Total paid
200×30=6,000 (this is the future value)
Second use the formula of the future value of annuity ordinary to find the monthly payment.
The formula is
Fv=pmt [(1+r/k)^(n)-1)÷(r/k)]
We need to solve for pmt
PMT=Fv÷[(1+r/k)^(n)-1)÷(r/k)]
PMT monthly payment?
Fv future value 6000
R interest rate 0.09
K compounded monthly 12
N=kt=12×(30months/12months)=30
PMT=6000÷(((1+0.09÷12)^(30)
−1)÷(0.09÷12))
=179.09 (this is the monthly payment)
Now use the formula of the present value of annuity ordinary to find the amount of his loan.
The formula is
Pv=pmt [(1-(1+r/k)^(-n))÷(r/k)]
Pv present value or the amount of his loan?
PMT monthly payment 179.09
R interest rate 0.09
N 30
K compounded monthly 12
Pv=179.09×((1−(1+0.09÷12)^(
−30))÷(0.09÷12))
=4,795.15
The answer is 4795.15
Answer:
the correct answer is 94 square cm
Step-by-step explanation:
Answer:
A”=three possible answers (10.5) (21/2) or (10 1/2)
B”=9
C”=3
D”=(4.5) (9/2) or (4 1/2)
Step-by-step explanation: just cause
Answer:
5,418.2 feet
Step-by-step explanation:
Nadia is carrying out mountain climbing.
She started climbing the mountain at an altitude of 19.26 feet below the sea level.
Nadia changed her altitude by climbing a total of 5,437.8 feet from her starting position.
Therefore, Nadia's altitude at the end of her climb can be calculated as follows
= 5,437.8-19.6
= 5,418.2
Hence Maria's altitude at the end of her climb is 5,418.2 feet