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3 years ago

Find the future value of this loan.

Mathematics

1 answer:

Dmitriy789 [7]3 years ago

3 0

Answer:

the full value is $8507.86

Step-by-step explanation:

Use I=prt(interest rate formula)

p=principal(8079)

r=rate of interest(0.091) -Always convert % into decimal when dealing with interest

t= time (7/12 or 0.583)- if time is in months form you need to put a denominator of 12

now use the formula

I=8079*0.091*0.583

I=428.86

now you need to add the interest to the principal to get full value

428.86+8079=$8507.86

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<h3>How to determine the probability</h3>

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Married = 299

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The number of those that are male or married is calculated as:

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So, we have:

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