Answer:
$550.97
Step-by-step explanation:
The amortization formula will tell you the payment amount.
A = P(r/12)/(1 -(1 +r/12)^(-12t))
where A is the monthly payment, P is the principal amount of the loan, r is the annual interest rate, t is the number of years. Using your values, this is ...
A = $12,000(0.095/12)/(1 -(1 +0.095/12)^(-12·2)) ≈ $550.97
The amount of Gerald's payment is $550.97.
the answer is A but im just guessing ya know?
For this case we have the following subtraction:

We can rewrite the subtraction in an easier way.
We have then:

Then, by doing associative property we have:

Answer:
The value of the subtraction is given by:

Answer:
the parallel lines match up, and the angles are the same
Step-by-step explanation:
9514 1404 393
Answer:
8.6
Step-by-step explanation:
The growth factor per year is 1.012, so in 500 years is ...
1.012^500
The number of doublings is the solution to ...
2^n = 1.012^500
Taking logarithms, we have ...
n·log(2) = 500·log(1.012)
n = 500·log(1.012)/log(2) ≈ 8.6046
About 8.6 doublings will take place in 500 years.