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:
x = 9
Step-by-step explanation:
We are going to isolate x
14 - x = 5
subtract 14 from 5
-x = -9
multiply both sides by -1 to make x positive
x = 9
Answer:
55
Step-by-step explanation:
The n-th term of an arithmetic sequence is given by the formula ...
an = a1 + d(n -1)
where a1 is the first term (5.5) and d is the common difference (0.5).
So, the n-th term is ...
an = 5.5 +0.5(n -1) = 5.0 +0.5n
For n = 100, the term is ...
a100 = 5.0 +0.5(100) = 55
The 100th term of the sequence is 55.
There is the equal values method, so you can do:
x-4 = 4x-10 (remove x from both sides)
-4 = 3x -10 (add ten to both sides)
6 = 3x (devide by 3x)
2 = x
Check: (by plugging it into the equation)
y = 2-4 and y = 8-10
y = -2 and y = -2
that's matches so it is correct...
YOUR ANSWER IS:
(2, -2)
I hoped I helped sort things out, and have a great day!
