1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ilya [14]
3 years ago
9

Find the amount of each payment necessary to amortize the following loan.

Mathematics
1 answer:
Sonbull [250]3 years ago
3 0
Use the formula of the present value of annuity ordinary
The formula is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 84700
Pmt payment per quarter ?
R interest rate 0.10
K compounded quarterly 4
N time 9 years
We need to solve for pmt
Pmt=pv÷ [(1-(1+r/k)^(-kn))÷(r/k)]
Pmt=84,700÷((1−(1+0.10÷4)^(−4
×9))÷(0.10÷4))=3,595.65

Hope it helps
You might be interested in
5
zepelin [54]

The question is incomplete. Below you will find the missing figure.

Two friends, Andrew and Liz, are playing a game using this spinner. If the

spinner lands on region 2 or 3, Andrew wins. If it lands on region 4, Liz wins. If it lands on any other region, neither wins. Is this a fair game?

A. Yes. Each friend has a 1/4 probability of winning.

B. Yes. Each friend has a 1/6 probability of winning.

C. No. Andrew has a probability of 1/4 winning and Liz has a probability of 1/6 winning.

D. No. Andrew has a probability of 1/3 winning and Liz has a probability of 1/4 winning.

The correct option is Option A: Yes. Each friend has 1/4 probability of winning.

Probability is the possibility of an event to happen which is the ratio of no. favorable outcomes and no. of total outcomes.

P = no. of favorable outcome/ total no. of outcome

Here given in the question,

If the spinner touches region 2 or 3, Andrew wins

If the spinner touches region 4, Liz wins.

This is fair play because both have the same size of region for winning.

If we cut the circle into 8 pieces,

as region 1 is the sum of 2 sub-parts of the circle,

possibility of spinner touching region 1= 2/8= 1/4

possibility of spinner touching the small region = 1/8

So the possibility of the spinner touching the region 2or 3= 1/8+1/8= 2/8= 1/4

Hence the possibility of Andrew wins= possibility of the spinner touching region 1= 1/4

possibility of Liz wins= possibility of the spinner touching the region 2 or 3= 1/4

Therefore the correct option is Option A: Yes. Each friend has 1/4 probability of winning.

Learn more about the probability

here: brainly.com/question/24756209

#SPJ10

6 0
2 years ago
What +2/3=11/12 equation
Luden [163]

Answer:

1/4

Step-by-step explanation:

1st: you need to make a common denominator for 2/3 and 11/12 that would be 12, so you would  keep 11/12 how it is but multiply the numerator and the denominator by 4 to get it to 12.

You would have ;

8/12+___=11/12

Then just do 11/12-8/12

so that would simplify out to 1/4

6 0
3 years ago
Read 2 more answers
Based on the results of the simulation, if 224 groups are formed, about how many of them would you expect to contain one student
trapecia [35]

Answer: what's the results of the stimulation?, there's not much info to answer your question.

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
Use the remainder theorem to find the remainder of 2x^4 + x^2 - 10x -1 divided by x +2.
Svetllana [295]

Remainder Theorem says that if there is any Polynomial equation P(x), which is to be divided by (x - a) then remainder can be calculated by substituting value of a in equation P(x).  

2x^{4} +x^{2}-10x-1 = P(x)   divided by   (x+2)

Step 1: Find a

To find a we will have to convert (x+2) into (x - a) form

i.e.  (x+2) = (x - (-2))

therefore, a = -2

Step 2: Substitute value of a in P(x),

By substitution we get,

2(-2)^{4}+(-2)^{2}-10(-2)-1

= 2(16) + 4 +20 -1

= 32 +4 + 20 - 1

= 55 = Remainder

Hence, Remainder is 55.

8 0
3 years ago
5 x 10 to the 6th power is how many times larger than 5 x 10 to the 4th power. PLEASE RESPOND FAST
Alexandra [31]

Answer:

5 x 10 to the 6th power is 5,000,000

5 x 10 to the 4th power is 50,000

5,000,000 / 50,000 = 100

it is 100 times larger

Step-by-step explanation:

8 0
3 years ago
Other questions:
  • Fred earns $16.50 an hour for overtime. He worked overtime on Monday and Thursday this week. On Monday, he worked 4 hours of ove
    14·1 answer
  • I need help for B,3,4
    13·2 answers
  • When a number is decreased by 54%, the result is 28. What is the original number to
    12·1 answer
  • There are 11 coins in total. Aditi!S piggy bank has $1.85. The coins are either quarters or dimes.How many of each coin are ther
    9·1 answer
  • Gina is working on a jigsaw puzzle.She completed 1/10 of the puzzle today.In simplest form, what fraction of the puzzle is compl
    6·2 answers
  • Which best describes the graph of a quadratic function witha discriminant of -7?
    9·1 answer
  • For the investment with interest compounded annually, find the final balance using the formula A = P(1 + r)t $36,000 for 4.5 yea
    13·1 answer
  • Please help with this question. Thank you!
    9·1 answer
  • Answer the question and I will give you brainiest
    6·1 answer
  • Hello I need help on this question!
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!