If the lease factor is given as 0.0020, what interest rate is that equivalent to?
2 answers:
Answer: 4.8%
Step-by-step explanation:
It is given that the lease factor = 0.0020
Let r be the interest rate .
To convert lease factor into interest rate, we need to multiply it by 2400.
Therefore, the interest rate for the given lease factor is given by :-
Therefore, 4.8% interest rate is that equivalent to the lease factor of 0.0020.
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First of all, find a program or a calculator that will give you the answer. Then you'll know how to make your table. I recommend Desmos. I have inserted the final graph for you.
Make up a table for this graph. Put the lowest point as the central entry in your graph.
x y
-4
-3
-2
-1
0
Now fill in the y values.
x y
-4 1
-3 -3.5
-2 -5
-1 -3.5
0 1
You can use the outline of the parabola and then mark the outline with the points in the table.
Make up a table for this graph. Put the lowest point as the central entry in your graph.
x y
-4
-3
-2
-1
0
Now fill in the y values.
x y
-4 1
-3 -3.5
-2 -5
-1 -3.5
0 1
You can use the outline of the parabola and then mark the outline with the points in the table.