If you do 60% then you put the percent two times over the the left so 0.60 then you would do 0.60 times 50 so that would be 30. 30 of the members must vote. Hopefully that helped?

7 0

3 years ago

Jack took out a 6-year loan for $25,000 to purchase a boat at a 4.5% interest rate. If the interest is compounded monthly, what

Kruka [31]

Answer: $32,732.58

Step-by-step explanation:

To calculate the total loan payment over the course of the loan period, use the future value formula:

= Loan amount * (1 + rate) ^ number of years

As this loan is compounded monthly, you need to convert certain terms to monthly figures:

Number of periods = 6 * 12 months = 72 months

Interest = 4.5 / 12 = 0.375%

Total payment:

= 25,000 * ( 1 + 0.375%)⁷²

= $32,732.58

6 0

2 years ago