Since only the principal value, interest rate and interest period are given, we can deduce that "finance charge" only includes the interest to be paid at the end of the term. This can be obtained by subtracting the principal value from the future value which we will solve for.
The future value can be solved by using the following compound interest formula:
Let:
F = Future value
P = Principal value
r<span> = annual interest rate </span>
n<span> = number of times that interest is compounded per year</span>
t<span> = number of years</span>
F = P(1 + r/n)^nt
Substituting the given values:
F = 4250(1 + 0.1325/12)^(12*2)
F = 5531.54
Subtracting P from F:
Finance charge = 5531.54 - 4250 = 1281.54
Therefore the finance charge is $1,281.54
Answer:
the answer hopefully should be 1
Explanation is in the file
tinyurl.com/wpazsebu
Answer:
268 students are absent
Step-by-step explanation:
First, multiply 775 by (8/25) to get the number of students out from the virus (probably weren't wearing masks or 6 ft apart from each other). This gives you 248 students. You also know that an additional 20 students are out due to other reasons. Add 248 and 20 and you get a total of 268 absent students.
Answer:
91,104 9*1*1*04
Step-by-step explanation:
Length of prism =73 units
Breadth of prism =52 units
Height of prism =24 units
Volume of prism as specified by you =L*B*H=91,104 9*1*1*04
