First find the total payments
Total paid
200×30=6,000 (this is the future value)
Second use the formula of the future value of annuity ordinary to find the monthly payment.
The formula is
Fv=pmt [(1+r/k)^(n)-1)÷(r/k)]
We need to solve for pmt
PMT=Fv÷[(1+r/k)^(n)-1)÷(r/k)]
PMT monthly payment?
Fv future value 6000
R interest rate 0.09
K compounded monthly 12
N=kt=12×(30months/12months)=30
PMT=6000÷(((1+0.09÷12)^(30)
−1)÷(0.09÷12))
=179.09 (this is the monthly payment)
Now use the formula of the present value of annuity ordinary to find the amount of his loan.
The formula is
Pv=pmt [(1-(1+r/k)^(-n))÷(r/k)]
Pv present value or the amount of his loan?
PMT monthly payment 179.09
R interest rate 0.09
N 30
K compounded monthly 12
Pv=179.09×((1−(1+0.09÷12)^(
−30))÷(0.09÷12))
=4,795.15
The answer is 4795.15
Answer:
1. 8
2. 24
Step-by-step explanation:
The number of persons that drink grape milk only :
18 - 10 = 8
The number of persons that drink coffee :
42 - 8 = 34
The number of persons that drink coffee only :
34 - 10 = 24
The equation would be 3l-5.
Answer:
4a^2 + 12ab + 9b^2.
Step-by-step explanation:
Use the identity (a + b)(a + b) = a^2 + 2ab + b^2 :
So
(2a + 3b)(2a + 3b)
= (2a)^2 + 2*(2a)(3b) + (3b)^2
= 4a^2 + 12ab + 9b^2.
The answer for this is 4/4
THANKS!!!
foxy girl-:)
