<span>B(n) = A(1 + i)^n - (P/i)[(1 + i)^n - 1]
where B is the balance after n payments are made, i is the monthly interest rate, P is the monthly payment and A is the initial amount of loan.
We require B(n) = 0...i.e. balance of 0 after n months.
so, 0 = A(1 + i)^n - (P/i)[(1 + i)^n - 1]
Then, with some algebraic juggling we get:
n = -[log(1 - (Ai/P)]/log(1 + i)
Now, payment is at the beginning of the month, so A = $754.43 - $150 => $604.43
Also, i = (13.6/100)/12 => 0.136/12 per month
i.e. n = -[log(1 - (604.43)(0.136/12)/150)]/log(1 + 0.136/12)
so, n = 4.15 months...i.e. 4 payments + remainder
b) Now we have A = $754.43 - $300 = $454.43 so,
n = -[log(1 - (454.43)(0.136/12)/300)]/log(1 + 0.136/12)
so, n = 1.54 months...i.e. 1 payment + remainder
</span>
306 / 3.6 = 85 gallons per minute
5,200 = 85x
x = <span>61.1764705882
hope this helps</span>
Answer:
The vector joining the ship to the rock is t= 7 i + 5 j
The direction is 0.9505 radians east of north.
Step-by-step explanation:
The position vector of the ship:
r= 1 i + 0 j
The position vector of the ship:
s= 6 i + 5 j
The vector joining the ship to the rock is:
t = r + s
t = (1 i + 0 j) + (6 i + 5 j)
t = 7 i + 5 j
The bearing of the rock to the ship is:
Θ=
= 0.9505 radians
Amount after 9 years = 3600( 1 + 0.024)^9 = $4456.58