Answer:
Total after tax and discount is $7.78
Step-by-step explanation:
(10.49×0.3)= 3.15
10.49 - 3.15 = 7.34
(7.34×0.06)= 0.44
7.34 + 0.44 = 7.78
Answer:
6
Step-by-step explanation:
set up a ratio
1.5 / 0.25 = x/1
x = 1.5 / 0.25 = 6
The present worth of the loan is <span>$6,250
</span>The start of payment will after 4 years
The nominal interest rate is 6.1% compounded monthly which is equal to 6.27% effective.
The future worth (after graduation) of the loan is
F = <span>$6,250 (1 + 0.0627)^4 = $7,971.18
The interest is
</span>$7,971.18 - $6,250 = $1,721.18
I didn't round off when solving these so it's not the exact answer among the choices but the closest is letter B <span>$1,722.22</span>
Answer:
bag.
Step-by-step explanation:
gate66
