Answer:
The monthly payment is $361.72.
Step-by-step explanation:
Given : The total interest paid on a 3-year loan at 6% interest compounded monthly is $1085.16.
To find : Determine the monthly payment for the loan?
Solution :
The total interest paid on a 3-year loan compounded monthly is $1085.16.
i.e.
....(1)
Where, M is the monthly payment
P is the principal.
3 year loan =
months.
We know, The monthly payment formula is
![M=P\times\frac{i}{1-(1+i)^{-t}}](https://tex.z-dn.net/?f=M%3DP%5Ctimes%5Cfrac%7Bi%7D%7B1-%281%2Bi%29%5E%7B-t%7D%7D)
Here, The value of P is ![P=\frac{(1-(1+i)^{-t})M}{i}](https://tex.z-dn.net/?f=P%3D%5Cfrac%7B%281-%281%2Bi%29%5E%7B-t%7D%29M%7D%7Bi%7D)
Where, i is the interest rate monthly ![i=\frac{6}{1200}=0.005](https://tex.z-dn.net/?f=i%3D%5Cfrac%7B6%7D%7B1200%7D%3D0.005)
t is the time monthly
months
Substitute in (1),
![36M-\frac{(1-(1+i)^{-t})M}{i}=1085.16](https://tex.z-dn.net/?f=36M-%5Cfrac%7B%281-%281%2Bi%29%5E%7B-t%7D%29M%7D%7Bi%7D%3D1085.16)
![M(36-\frac{(1-(1+i)^{-t})}{i})=1085.16](https://tex.z-dn.net/?f=M%2836-%5Cfrac%7B%281-%281%2Bi%29%5E%7B-t%7D%29%7D%7Bi%7D%29%3D1085.16)
![M(36-\frac{(1-(1+0.005)^{-36})}{0.005})=1085.16](https://tex.z-dn.net/?f=M%2836-%5Cfrac%7B%281-%281%2B0.005%29%5E%7B-36%7D%29%7D%7B0.005%7D%29%3D1085.16)
Therefore, The monthly payment is $361.72.
C. 75. The median is the middle number in the sequence
Answer:
The surface area is 91
Step-by-step explanation:
3*4=12
12/2=6
6*2=12
7*5=30
4*7=28
3*7=21
12+30+28+21=91
The equations that are on the left are caculations triangle calcuations. The equations on the right are the ones that equal each of the 2d shapes in the prism and if u add them all up you get your surface area.
Answer:
x = -3/2y + 3
Step-by-step explanation:
2x + 3y = 6
2x = -3y + 6
x = -3/2y + 3
Answer:
£ 76
Step-by-step explanation: