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Crazy boy [7]
3 years ago
12

What is the future value of a loan of $2800 to be repaid in 8 months at an annual interest of 9%?

Mathematics
1 answer:
stiks02 [169]3 years ago
8 0
9% of $2800 = 252
$2800 + $252 = $3052
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Select the correct answer.
skelet666 [1.2K]

Answer: the answer is 3

Step-by-step explanation:

got it right on edmentum I am a smart mf

8 0
2 years ago
6. Santiago Diaz Granados played an arcade game that cost 25 tokens per game. In six games, Santiago won 0 tokens, 10 tokens, 50
Pavel [41]
-- To play the six games, <span>Santiago Diaz Granados spent

                                             (6 x 25) = 150 tokens.

-- As a result of his skill, experience, talent, steady hand, nerves
of steel, superior hand-eye coordination, and superb reflexes, </span><span>
Santiago Diaz Granados won</span>

                 (0 + 10 + 50 + 0 + 5 + 10) = 75 tokens.

-- At the end of the 6th game, <span>Santiago Diaz Granados was behind
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After spending 150 tokens and winning 75 tokens, </span><span>Santiago Diaz Granados
was down by (150 - 75) = 75 tokens since he arrived at the arcade. 
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the correct one, and could advise </span><span>Santiago Diaz Granados to cash in
whatever he had left, accept his losses, return to his home, and live
to fight another day. 

Viva </span><span>Santiago Diaz Granados ... </span><span>un verdadero héroe de su pueblo.  Viva !</span>
3 0
3 years ago
Find the savings plan balance after 2 years with an APR of 4% and monthly payments of $250. The balance is $ (Do not round until
alexdok [17]

Answer:

$6,506.51

Step-by-step explanation:

Recall that increasing an amount C in x% is equivalent to multiply it by (1+x/100)

As we have 4% APR, the monthly interest would be (4/12)% = 0.04/12

<u>Month 0</u> (first payment)

$250

Month 1

250 + 250 \frac{0.04}{12}= 250(\frac{12.04}{12})

<u>Month 2</u>

250(1+\frac{12.04}{12}+(\frac{12.04}{12})^2)

<u>Month 3</u>

250(1+\frac{12.04}{12}+(\frac{12.04}{12})^2+(\frac{12.04}{12})^3)

<u>Month 24 (2 years)</u>

250(1+\frac{12.04}{12}+(\frac{12.04}{12})^2+(\frac{12.04}{12})^3+...+(\frac{12.04}{12})^{24})

The sum  

1+\frac{12.04}{12}+(\frac{12.04}{12})^2+(\frac{12.04}{12})^3+...+(\frac{12.04}{12})^{24}

is the sum of the first 24 terms of a geometric sequence with common ratio \frac{12.04}{12} which is

\frac{1-(12.04/12)^{25}}{1-(12.04/12)}=26.02603071

so, after 2 years the saving balance is

250*26.02603071 = 6,506.50767= $6,506.51 rounded to the nearest cent.

6 0
3 years ago
A function has y-intercept of -3 and a slope of -7/3. Which equation below describes the function?
Juliette [100K]

Answer:7/8 8/7

Step-by-step explanation:

7 0
3 years ago
IN EXAM NOW PLEASE ANSWER ASAP (CORRECT ANSWER PLEASE 55 POINTS!!!)
Feliz [49]

Answer:

28.07 and rounded to the nearest hundredth would be 28.10

Step-by-step explanation:

6 0
3 years ago
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