Y = 6 * 4^x
y = 6 * 4^-3
y = 6 * 0.015625
y = 0.09375
Answer:
The correct answer is -
monthly payment = 521.99
total pain intrest = 4319.14
Step-by-step explanation:
Given:
a or the borrowed amount = 27000
r or the interest rate = 6%
n = 5 years or 60 months
Monthly payment = ?
total intreset = ?
Formula:
The formula for the monthly payment is -
or, = P
Where, the amount of the loan = a
r = 0.005 (6% annual rate—expressed as 0.06—divided by 12 monthly payments per year)
n = 60 months
Solution:
Putting all the values in the either of the following formula will give monthly payments:
or
= 521.9856 or to the nearest cent 521.99.
The total intrest would be -
= (monthly payment*number of month) - amount borrowed
= 521.99*12-27000
= 31319.14-27000
= 4319.14
Answer:
<h2>u = 9.7</h2>
Step-by-step explanation:
I’m sorry I can’t read that it’s too small..