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Hi there
First find the monthly payment of each offer to see which monthly payment is lower
The formula of the present value of annuity ordinary is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value
PMT monthly payment
R interest rate
K compounded monthly 12
N time
Solve the formula for PMT
PMT=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
Bank F
PMT=16,200÷((1−(1+0.057÷12)^(
−12×8))÷(0.057÷12))
=210.53
Bank G
PMT=16,200÷((1−(1+0.062÷12)^(
−12×7))÷(0.062÷12))
=238.21
From the above the monthly payment of bank f is lower than the bank g
And since the lifetime of bank g is lower than bank f the answer is
b. Yvette should choose Bank F’s loan if she cares more about lower monthly payments, and she should choose Bank G’s loan if she cares more about the lowest lifetime cost.
Good luck!
Answer:
Step-by-step explanation:
(r/s)(x) is the quotien of r(x) = 3x - 1 and s(x) = 2x + 1:
r 3x - 1
(-----)(x) = ----------
s 2x + 1
Answer:
136 
Step-by-step explanation:
Well if you find the lateral area (the area of the rectangles on the sides) to get 112, so you just need to add that to the triangles and for those (they add up to 36) you can just use the formula for the area of a triangle, which is
.
Hope this helps :)
Answer:
13.5
Step-by-step explanation: