So if 3% on 5year term and then it increased 1% it won't be 5 anymore it would go by 6 because it has increased by 1% and just add 1200 6 times.
Answer:
c. $467.29
Step-by-step explanation:
The total of balances is $9360. The payment can be computed using the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^-n)
where A is the monthly payment, P is the principal (total balance), r is the annual rate, and n is the number of months.
Filling in your numbers, we have ...
A = $9360(0.18/12)/(1 -(1 +0.18/12)^-24) ≈ $467.29
Frank's monthly credit card payment will be $467.29.
4.
b^-2-x^-2/b^-1+x^-1
b^-2/b^-1=b^-1
x^-2/x^-1=x^-1
As a result, the simplest form is:
b^-1-x^-1. Hope it help!
Answer:
I don't know if you're asking for the product of prime using index notation but I got :
2 × 2 × 2 × 5 × 5
