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motikmotik
3 years ago
13

Using technology, determine the monthly payment on a 35 month loan of $28,000 at 8.1% compounded annually. Round you answer to t

he nearest cent.
a.
$900.90
c.
$1,102.94
b.
$875.02
d.
$1,012.10
Mathematics
1 answer:
Crank3 years ago
8 0
Present Value of an annuity is given by the formular
PV = P(1 - (1 + r)^-n)/r; where PV = $28,000, r = 0.081/12 = 0.00675, n = 35 and P is the periodic (monthly) payment.

P = PVr/(1 - (1 + r)^-n) = (28,000 x 0.00675)/(1 - (1 + 0.00675)^-35) = 189/0.2098 = 900.90

Therefore, the monthly payment is $900.90

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Let m = X^2 + 3.
Tpy6a [65]

The Equation in terms of m, m^2+7m+10=0

What is substituting in the equation ?

substituting means changing or replacing the values in the given equation.

Calculation:

Given equation is (x^2+3)^2+7x^2+21=-10

            and m= X^2 + 3.

make the given equation in the form X^2 + 3,

             now,

                     (x^2+3)^2+7x^2+21=-10

                     (x^2+3)^2+7(x^2+3)=-10

             where,

                      X^2 + 3= m

              after putting the value or replacing the values

             we get, m^2+7m=-10

                      m^2+7m+10=0

          the above equation is in the form of "m".

The Equation in terms of m, m^2+7m+10=0

Leran more about substitution here:

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