Answer:
The correct answer to the following question will be "70.56".
Step-by-step explanation:
The given values are:
Loan requires, PV = $100,000
Years = 20
Number of months, n = 240
Rate interest = 4.90000%
Monthly rate, r = 0.408333%
Monthly rental payment = $725
As we know,
![PV=PMT\times (\frac{1}{r})\times [1-[\frac{1}{(1+r)^n}]]](https://tex.z-dn.net/?f=PV%3DPMT%5Ctimes%20%28%5Cfrac%7B1%7D%7Br%7D%29%5Ctimes%20%5B1-%5B%5Cfrac%7B1%7D%7B%281%2Br%29%5En%7D%5D%5D)
On putting the values in the above formula, we get
⇒ ![100000=PMT\times (\frac{1}{0.004083333})\times [1-(\frac{1}{(1+0.004083333^{240})})]](https://tex.z-dn.net/?f=100000%3DPMT%5Ctimes%20%28%5Cfrac%7B1%7D%7B0.004083333%7D%29%5Ctimes%20%5B1-%28%5Cfrac%7B1%7D%7B%281%2B0.004083333%5E%7B240%7D%29%7D%29%5D)
⇒ 
⇒ 
⇒ 
Now,

On putting the values, we get
⇒ 
⇒ 
Answer:
p - 0.05p
Step-by-step explanation:
The price of the car is p.
You must subtract from p the amount of 5% of p.
5% of p = 5% * p = 0.05p
5% of p is the same as 0.05p.
Now we subtract 0.05p from p.
p - 0.05p
Answer:
The step which is not necessary is,
- Determine the shaded area for each line.
Step-by-step explanation:
The step which is not necessary when solving this system of equations by graphing is,
- Determine the shaded area for each line.
Answer:
<em>The car will worth $15815 after 5 years.</em>
Step-by-step explanation:
The formula is:
, where P = Initial cost, A = Final cost, r = Rate of change in cost per year and t = Number of years.
Here, 
and 
As here the <u>value of the car depreciates every year, so we need to plug the value of
as negative</u>. So, 
Now plugging the above values into the formula, we will get.....

<em>(Rounded to the nearest dollar)</em>
So, the car will worth $15815 after 5 years.
Answer:
False
Step-by-step explanation:
Given that a high school reports that its students' SAT scores were down by 12% in one year. The next year, however, the test scores rose by 20%.
Let score initially be 100
Down by 12
Next year score 88
For succeedingyear
increase is 20% =
Score in the 2nd year = 
Hence overall scores improvement is 5.6% and not 8%