1) 1
2) 2
hope this helped :)
He actually borrowed P=21349-3000=18349 (present value)
Assume the monthly interest is i.
then future value due to loan:
F1=P(1+i)^n=18349(1+i)^(5*12)=18349(1+i)^60
future value from monthly payment of A=352
F2=A((1+i)^n-1)/i=352((1+i)^60-1)/i
Since F1=F2 for the same loan, we have
18349(1+i)^60=352((1+i)^60-1)/i
Simplify notation by defining R=1+i, then
18349(R^60)-352(R^60-1)/(R-1)=0
Simplify further by multiplication by (R-1)
f(R)=18349*R^60*(R-1)-352(R^60-1)=0
Solve for R by trial and error, or by iteration to get R=1.004732
The APR is therefore
12*(1.004732-1)=0.056784, or 5.678% approx.
Answer:
y = 1/4 x - 2
Step-by-step explanation:
To write the equation of a line, find from the line the slope and y-intercept. The y-intercept is where the line crosses the y-axis which here is at point (0,-2).
The slope of the line is found by writing a ratio between the vertical distance and the horizontal distance between points.
Slope is 1/4.
Substitute m = 1/4 and b = -2 into the slope intercept form y = mx + b.
y = 1/4 x - 2
Area of a circle = PI x r^2
Area = 3.14 x 11^2
Area = 3.14 x 121
Area = 379.94 square cm.
