Answer:
-5120 that is Option C is correct.
Step-by-step explanation:
We have been given the explicit formula we need to find the 6th term of the geometric sequence from the given formula.
The formula is:
To find 6th term we will put n=6 in the formula given we will get:
After simplification we get:
After further simplification we will get:
Therefore, Option C is correct.
Answer:
I think that this is just slope intercept form. You should graph 0, -3 and go up -1 on the y axis and move 5 on the x axis
Step-by-step explanation:
Answer:
Which loan option will have Lilith pay the most amount in interest
loan with a 5.75% annual simple interest rate 24-month loan with a 6.25% interest rate
Interest 3,750
Final payment 33,750
Step-by-step explanation:
1.-Interes rate compouned
Loan 30,000
% 5.75%
Time( Years) 2.50
Interest 4,500
Final payment 34,500
2.-Simple interest
Loan 30,000
% 5.75%
Time( Years) 2.50
Interest 4,313
Final payment 34,313
3.-Simple interest
Loan 30,000
% 6.25%
Time( Years) 2.00
Interest 3,750
Final payment 33,750
4.-Interes rate compouned
Loan 30,000
% 6.25%
Time( Years) 2.00
Interest 3,867
Final payment 33,867
Answer:
10%
Step-by-step explanation:
What we will do is apply the present value formula that would be as follows:
PV = P1 / (1 + R) + P2 / (1 + R) ^ 2 + ... + Pn / (1 + R) ^ n
Where VP is the present value, P would be the payment in each corresponding year and R what we are looking for, the interest rate.
Replacing we have the following values:
150 = 55 / (1 + R) + 133 / (1 + R) ³
We have a cubic equation that here is very complex to answer so we are going to use the symbolab tool.
Next we can see how it calculates the value of R step by step.
https://es.symbolab.com/solver/step-by-step/150%20%3D%2055%20%2F%20%5Cleft(1%20%2B%20R%5Cright)%20%2B%20133%20%2F%20%5Cleft(1%20%2B%20R%5Cright)%20%C2%B3
The result is that R equals approximately 0.09976, therefore the interest rate is 9.976%, or rounding 10%
