A food service worker in straw dollars per hour how much money am does the worker earn on a shift of H hours
1 answer:
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Let x represent number of wrong questions answered by Aaron.
We have been given that Aaron is taking a multiple choice test with a total of 20 points available. Each question is worth exactly 1 point. We are asked to find Aaron's score (out of 20) if he got 6 questions wrong.
To find Aaron's score, we will subtract number of wrong answers from total score.
Therefore, Aaron's test scores would be 14 out of 20.
To find Aaron's score if he got x questions wrong, we will subtract x from total scores that is .
Therefore, Aaron's score would be , if he got x questions wrong.
9514 1404 393
Answer:
- $33,336.83
- $35,176.68
- $36,869.23
- $38,266.75
- $39,158.08
Step-by-step explanation:
The amortization formula can be used to find the payment value.
A = P(r/2)/(1 -(1 +r/2)^(2n))
where P is the principal amount at the beginning of the loan period, r is the annual interest rate, n is the number of years remaining on the loan
The value of A in this scenario is the semi-annual payment.
Initially, the interest rate is 0.055 and the number of years remaining is 25.
After the first 5-year period, the interest rate goes up by 12%, so is multiplied by a factor of 1.12 to become 6.16% per year. The same growth factor is applied to the interest rate at the beginning of each 5-year period.
Of course, the number of years remaining is decreased by 5 years at the beginning of the next 5-year period.
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The Principal remaining at the end of each 5-year period is the starting principal for the next period. It is calculated from ...
FV = P(1 +r/2)^10 -A((1 +r/2)^10 -1)/(r/2)
Where P is the starting principal, A is the loan payment as calculated above, and r is the annual interest rate.
__
These formulas are built into spreadsheet functions, so the desired set of loan payments can be calculated easily by that technology. The result is attached. In the "# pmts" column is the value used to amortize the loan for the 5-year period. The semiannual payment is calculated as though the loan would be completely paid off in that number of payments, keeping the same interest rate for the duration. Of course, that payment series is interrupted and the loan recalculated at the beginning of the next 5 years.
The half-yearly payments for each 5-year interval are ...
$33,336.83
$35,176.68
$36,869.23
$38,266.75
$39,158.08
_____
<em>Additional comment</em>
The values displayed in the spreadsheet are rounded to the values shown. The values used in calculation have 14 or more significant digits. This means the numbers here may vary from those provided by a lending institution. In the real world, the principal and interest values are rounded to cents with each payment, so actual results may vary by a few cents either way.
