The present worth of the loan is <span>$6,250
</span>The start of payment will after 4 years
The nominal interest rate is 6.1% compounded monthly which is equal to 6.27% effective.
The future worth (after graduation) of the loan is
F = <span>$6,250 (1 + 0.0627)^4 = $7,971.18
The interest is
</span>$7,971.18 - $6,250 = $1,721.18
I didn't round off when solving these so it's not the exact answer among the choices but the closest is letter B <span>$1,722.22</span>
I = PRT
P (principal) = 6000
R (rate) = 3.7%.....u need decimal form = 0.037
T (time) = 5
I = (6000)(0.037)(5)
I = 1110.00 <===
u dont need years as a decimal...u need rate as a decimal
Answer:
It is A
Step-by-step explanation:
5 and 6 are the only numbers greater than 4 and they are both heads and tails.
Answer: A false, B true, C true
Step-by-step explanation:
A) intercept with y axis
That means x=0
y= 3*0-2
y= -2 So A is false
B) intercept with x axis
That means y=0
0= 3x-2
2=3x
2/3= x B is true
C) The form of linear function is
f(x)= mx +n, where m is the slope
In this case m= 3 so C is true
