The question is an annuity question with the present value of the annuity given.
The
present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt) /
(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.
61600 = P(1 - (1 + 0.0984/6)^-(11 x 6)) / (0.0984 / 6)
61600 = P(1 - (1 + 0.0164)^-66) / 0.0164
61600 x 0.0164 = P(1 - (1.0164)^-66)
1010.24 = P(1 - 0.341769) = 0.658231P
P = 1010.24 / 0.658231 = 1534.78
Thus, 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
Answer:
.40km or 1/4 a mile
Step-by-step explanation:
Answer:
3127 mm3
Step-by-step explanation:
The distance between both points is 11
Answer: 135cm
Step-by-step explanation
Volume of a cylinder = πr²h
Volume of a cone. = 1/3πr²h
The two shapes are both solid shapes.
Since the have same volume, we can then equate the two together and solve for the height of the cone.
Now make H the height and R the radius of the cylinder and h the height and r the radius of the cylinder.
Now equating the two
πR²H = 1/3πr²h
Now substitute for the values now
Multiply through by 3
3πR²H = πr²h
But π is common so it could be obliterated from the equation
3R²H = r²h
3 x 12² x 20 = 8² x h
3 x 144 x 20 = 64 x h
60 x 144 = 64h
8640. = 64h
Therefore
h = 8640/64
= 135cm
