Answer:
The amount needed to pay off the loan after 4 years is $70,192
Step-by-step explanation:
When interest is compounded annually, total amount A after t years is given by:
where P is the initial amount (principal), r is the rate and t is time in years.
From the question:
P = $60,000
r = 4% = 0.04
t = 4
The amount needed to pay off the loan after 4 years is $70,192
If we divide the amount by four, we will get the amount that is paid yearly (70192/4 = 17548). $17,548 is paid yearly.
Answer:
R=9
Step-by-step explanation:
Change the sign of -2 to 2
Add 2 to 7
Answer:
None of the answer options are correct
Step-by-step explanation:
cs + rh = w
cs = w - rh
s = (w - rh)/c
The second one could be corrected by exchanging c with 1/c
The last one would be correct with judiciously applied parentheses.
The first and third have too many errors to even bother trying to correct.
answer could also be written
s = w/c - rh/c
but it is not considered reduced form.
Answer:
20/4.6 or 4.35
Step-by-step explanation:
unit cost is 20/4.6 which rounds to 4.35
