Since only the principal value, interest rate and interest period are given, we can deduce that "finance charge" only includes the interest to be paid at the end of the term. This can be obtained by subtracting the principal value from the future value which we will solve for.
The future value can be solved by using the following compound interest formula:
Let:
F = Future value
P = Principal value
r<span> = annual interest rate </span>
n<span> = number of times that interest is compounded per year</span>
t<span> = number of years</span>
F = P(1 + r/n)^nt
Substituting the given values:
F = 4250(1 + 0.1325/12)^(12*2)
F = 5531.54
Subtracting P from F:
Finance charge = 5531.54 - 4250 = 1281.54
Therefore the finance charge is $1,281.54
Answer:
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9514 1404 393
Answer:
(a, b) = (-2, -1)
Step-by-step explanation:
The transpose of the given matrix is ...
![A^T=\left[\begin{array}{ccc}1&2&a\\2&1&2\\2&-2&b\end{array}\right]](https://tex.z-dn.net/?f=A%5ET%3D%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D1%262%26a%5C%5C2%261%262%5C%5C2%26-2%26b%5Cend%7Barray%7D%5Cright%5D)
Then the [3,1] term of the product is ...
![(A\cdot A^T)_{31}=\left[\begin{array}{ccc}a&2&b\end{array}\right]\cdot\left[\begin{array}{ccc}1&2&2\end{array}\right]=a+2b+4](https://tex.z-dn.net/?f=%28A%5Ccdot%20A%5ET%29_%7B31%7D%3D%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7Da%262%26b%5Cend%7Barray%7D%5Cright%5D%5Ccdot%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D1%262%262%5Cend%7Barray%7D%5Cright%5D%3Da%2B2b%2B4)
and the [3,2] term is ...
![(A\cdot A^T)_{32}=\left[\begin{array}{ccc}a&2&b\end{array}\right]\cdot\left[\begin{array}{ccc}2&1&-2\end{array}\right]=2a-2b+2](https://tex.z-dn.net/?f=%28A%5Ccdot%20A%5ET%29_%7B32%7D%3D%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7Da%262%26b%5Cend%7Barray%7D%5Cright%5D%5Ccdot%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D2%261%26-2%5Cend%7Barray%7D%5Cright%5D%3D2a-2b%2B2)
Both of these terms in the product matrix are 0. We can solve the system of equations by adding these two terms:
(a +2b +4) +(2a -2b +2) = (0) +(0)
3a +6 = 0
a = -2
Substituting for 'a' in term [3,1] gives ...
-2 +2b +4 = 0
b = -1
The ordered pair (a, b) is (-2, -1).