Answer:
$550.97
Step-by-step explanation:
The amortization formula will tell you the payment amount.
A = P(r/12)/(1 -(1 +r/12)^(-12t))
where A is the monthly payment, P is the principal amount of the loan, r is the annual interest rate, t is the number of years. Using your values, this is ...
A = $12,000(0.095/12)/(1 -(1 +0.095/12)^(-12·2)) ≈ $550.97
The amount of Gerald's payment is $550.97.
Answer:
600
Step-by-step explanation:
cus
Answer:
3,600 ft
Step-by-step explanation:
so you would divide 240 in half and get 120 and then you would multiply 120 and 360 because the Ferris wheel is a circle and then you would divide by 12 because there is 12 inches in a foot and get your final answer 3,600 feet