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gulaghasi [49]
3 years ago
6

I need the answer to the problem

Mathematics
1 answer:
zubka84 [21]3 years ago
8 0
I hope this helps you

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71.4 % chance I think is your answer. 
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Step-by-step explanation:

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all people who live in Ohio live in the United States.rewrite the statement as a conditional and write the converse of the condi
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A conditional statement is written in the if-then form. The hypothesis is the first or "if" part while the conclusion is the "then" or then part. Thus, the conditional statement would be

If a person lives in Ohio, then the person lives in the United states

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10 months ago
total amount = P (1 + i)t What is the total amount that First Consumer Bank will receive after lending Jane $7,000 for three yea
ICE Princess25 [194]
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Hope this helps! :)
6 0
3 years ago
Niki makes the same payment every two months to pay off his $61,600 loan. The loan has an interest rate of 9. 84%, compounded ev
elena-14-01-66 [18.8K]

Niki pays $39,467 interest will he have paid in total.

Given that,

Niki makes the same payment every two months to pay off his $61,600 loan.

The loan has an interest rate of 9.84%, compounded every two months.

If Niki pays off his loan after exactly eleven years.

We have to determine,

How much interest will he have paid in total?

According to the question,

The total interest will be paid is determined by,

\rm PV = \dfrac{P\left(1 - (1 + \dfrac{r}{t})^{-nt}\right) }{ \dfrac{r}{t}}

Where, PV = $61,600,  r = interest rate = 9.84% = 0.0984;

t = number of payments in a year = 6; n = number of years = 11 years and P is the periodic payment.

Substitute all the values in the formula;

\rm PV = \dfrac{P\left(1 - (1 + \dfrac{r}{t})^{-nt}\right) }{ \dfrac{r}{t}}\\\\\rm 61600 = \dfrac{P\left(1 - (1 + \dfrac{0.0984}{6})^{-11 \times 6}\right) }{ \dfrac{0.0986}{6}}\\\\61600 = \dfrac{P\left(1 - (1 + {0.0164})\right^{-66} }{0.0164}\\\\61600 = \dfrac{P\left(1 - (1.01640))^{-66}}{0.0164}\\\\ 61600 \times 0.0164 = P (1-0.341769)\\\\1010.24 = 0.658231P\\\\P = \dfrac{1010.24}{0.6582}\\\\P = 1534.78

Therefore,

Niki pays $1,534.78 every two months for eleven years,

The total payment made by Niki = 11 x 6 x 1,534.78 = $101,295.48

Therefore, interest paid by Niki = $101,295.48 - $61,600 = $39,695.48.

Hence, Niki pays $39,467 interest will he have paid in total.

For more details about Interest rates refer to the link given below.

brainly.com/question/10302432

6 0
2 years ago
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