Answer:
The correct option is B,N-240;1% = 5.6; PV=-205000; PMT=;FV=0;P/Y=12; C/Y=12;
PMT: END
Step-by-step explanation:
The compounding is done monthly which is means that the number of periods for which the compounding is carried is the number of months in twenty years,which is 20*12=240
Only options B and C have N as 240.
The present worth of the loan ,which is the amount of loan is $205,000
Option B has PV=-$205,000
Option C has PV =$0
Ultimately option B which stated the loan amount correctly is the right answer.
Also,the future value of the loan is unknown,hence option B has it as $0-unknown while option C stated it as -$205,000,which effectively means that the PV was used as FV
Answer:
16% increase
Step-by-step explanation:
A percentage change can be calculated from ...
percentage change = ((new value)/(old value) -1) × 100%
= (58/50 -1) × 100% = (1.16 -1) × 100%
= 16%
Mr. Key's work hours increased 16% from last week to this.
Let x = smaller number
Let y = bigger number
y = 7x + 4
x + y = 92
x + (7x + 4) = 92
8x + 4 = 92
8x = 88
x = 11
y = 7x + 4
y = 81
Answer:
134
Step-by-step explanation: