You can use any letter but when you label it x you find x
Answer:
quarterly N = 4
semi-annually N = 2
Monthly N = 12
annually N = 1
Step-by-step explanation:
Given the following compound interest times :
N = number of times interest is compounded per period :
A period is regarded as a whole year.
Interest compounded;
QUARTERLY = Every 4 months per period = 12/3= 4
SEMI ANNUALLY = Every 6 months per period = 12/6 = 2
MONTHLY = Every month = 12 / 1 = 12
ANNUALLY = Every 12 months = 12 /12 = 1
Answer: a=3, b=1
A parallelogram have its opposite sides equal and parallel.
Step-by-step explanation:
SO, the quadrilateral WXYZ have its opposite sides equal as its a parallelogram.
From the given figure the side XY= WZ and XW= YZ, which gives two equations i.e
Equation 1 is 3a-4=a+2 and Equation 2 is b+1=2b
Solving Equation 1 Solving equation 2
3a-a = 2+4 2b-b = 1
2a = 6 b=1
a = 3
So, by solving the two equations a=3 and b=1.
Answer:
Option A,$ 1,832.91 is correct
Step-by-step explanation:
The monthly payment can be computed using the below pmt formula i excel shown below:
=pmt(rate,nper,-pv,fv)
rate is the monthly rate on the mortgage which is 17.5%/12=0.014583333
nper is the number of months of payment i.e 30*12=360
pv is the amount of the loan which is $125,000
fv is the total amount of repayment which is unknown
=pmt(0.014583333
,360,-125000,0)=$ 1,832.91
The correct option is A,$ 1,832.91 which is the amount of money they need to pay back on the mortgage for 360 months
