Assuming the loan is as described, seven-year loan, which means that Kyle does not repay a cent before seven years.
This is a compound interest problem where n=7 years, interest rate i=0.05, and present value P=8000.
At the end of seven years, Kyle will have to pay
Future value = F = P(1+i)^n = 8000(1.05)^7 = 11256.80 (to the nearest cent)
Answer:
4.4
Step-by-step explanation:
hope this helps
Answer:
hi leifjewihgoeigyq398gy
Step-by-step explanation:
uehwgwGPy8923otirfp
Answer:
8 is the answer
Step-by-step explanation:
4 to the power of 3 is basically 4x4x4 which equals 64, and 2 to the power of 3 is 2x2x2 which is 8, and 64 divided by 8 is 8
Answer:N/B The amount is in thousands
The total amount earned by a Bachelor's person be $x:
amount earned by a masters person will be $(2x-38)
Total amount earned by the two individuals will be:
x+(2x-38)=115
solving for x we get:
x+2x-38=115
3x=115+38
3x=153
x=153/3
x=51
also:
2x-38=2*51-38=64
therefore we conclude that master's individual earns average of $ 64,000 while the Bachelor's individual earns $51,000.
Step-by-step explanation:plzzzzz give brainleyest
