Answer:
c. $467.29
Step-by-step explanation:
The total of balances is $9360. The payment can be computed using the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^-n)
where A is the monthly payment, P is the principal (total balance), r is the annual rate, and n is the number of months.
Filling in your numbers, we have ...
A = $9360(0.18/12)/(1 -(1 +0.18/12)^-24) ≈ $467.29
Frank's monthly credit card payment will be $467.29.
Answer:
1/45
Step-by-step explanation:
There are 10 marbles
P ( yellow) = yellow marbles / total = 2/10 = 1/5
We do not replace the marble
There are 9 marbles, 1 of which is yellow
P ( yellow) = yellow marbles / total = 1/9
P ( yellow, no replacement, yellow) = 1/5 * 1/9 = 1/45
Your answer is A.) for ur problem
