Answer:
final balance = 24,634.02
compound interest = 19,634.02
Step-by-step explanation:
I am not for sure how to do this just yet when I figher it out I will try to help you.<span />
Answer: f(g(x))=-2x+8
*Note: you did not provide answer choices, but this should be the answer.
Step-by-step explanation:
f(g(x)) means you plug in g(x) into f(x).
f(g(x))=-(2x-5)+3
f(g(x))=-2x+5+3
f(g(x))=-2x+8
First we need to calculate the monthly payment to repay the loan using the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r/k)^(-n))÷(r/k)]
PV the amount of the loan 4250
PMT monthly payment?
R interest rate 0.1325
K compounded monthly 12
N time 24 months
Solve the formula for PMT to get
PMT=pv÷ [(1-(1+r/k)^(-n))÷(r/k)]
PMT=4,250÷((1−(1+0.1325÷12)^(−24))÷(0.1325÷12))=202.55
Now to find the total finance charge use the formula of
Total finance charge=monthly payment×number of months-the amount of the loan
Total finance charge=
202.55×24−4,250=611.2
So the answer is 611.2
Hope it helps!
I think 3/4 goes in the blank. It's greater than 1/2 and less than 4/5.