Answer:
$8511.11
Step-by-step explanation:
Each year, the amount Walter owes is multiplied by 1.06, so at the end of 6 years, Walter owes 1.06^6 times the amount he borrowed.
he will pay $6,000×1.06^6 ≈ $8511.11
_____
At the end of the first year, Walter owes the original loan amount plus 6% interest. That total is ...
$6000 + 0.06×6000 = $6000×1.06
At the end of the following year, he owes 1.06 times that amount, or ...
6000×1.06²
The amount owed is multiplied by 1.06 each year until Walter pays off the loan.
Answer: The probability is 3 out of 20
Step-by-step explanation:
Answer:
n= 4.7
Step-by-step explanation:
n+−3.66=1.04
n−3.66=1.04
Step 2: Add 3.66 to both sides.
n−3.66+3.66=1.04+3.66
n=4.7
Answer:
n=4.7
A=Bxt+C
A-C=Bxt+C-C
A-C=Bxt
A/Bt - C/Bt = x
