Neither because they're are no numbers that can be squared or cubed that'll give you 55.
To find the monthly payment use the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv student loan 17500
PMT monthly payment?
R interest rate 0.06
K compounded monthly 12 because the payments are monthly.
N time 3 years
Solve the formula for PMT to get
PMT=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
PMT=17,500÷((1−(1+0.06÷12)^(
−12×3))÷(0.06÷12))
=532.38
The total amount paid
532.38×12months×3 years
=19,165.68
The percentage is paid toward the principal is
(17,500÷19,165.68)×100
=91.31%
The percentage is paid for interest is
((19,165.68−17,500)÷19,165.68)×100
=8.69%
Hope it helps!
Answer:
-16
Step-by-step explanation:
Answer:
Density (ρ) = 20000 kilogram/cubic meter
Step-by-step explanation: