Answer:
Step-by-step explanation:
Total cost for trip = 290 + 50 + 95*5 =290+50+ 475 = $ 815
Savings = $143
Money needed = 815 - 143 = $ 672
No. of driveways = 672/48 = 14
14 driveways must she shovel to have enough money to pay for the trip.
He actually borrowed P=21349-3000=18349 (present value)
Assume the monthly interest is i.
then future value due to loan:
F1=P(1+i)^n=18349(1+i)^(5*12)=18349(1+i)^60
future value from monthly payment of A=352
F2=A((1+i)^n-1)/i=352((1+i)^60-1)/i
Since F1=F2 for the same loan, we have
18349(1+i)^60=352((1+i)^60-1)/i
Simplify notation by defining R=1+i, then
18349(R^60)-352(R^60-1)/(R-1)=0
Simplify further by multiplication by (R-1)
f(R)=18349*R^60*(R-1)-352(R^60-1)=0
Solve for R by trial and error, or by iteration to get R=1.004732
The APR is therefore
12*(1.004732-1)=0.056784, or 5.678% approx.
Answer:
y = 8 + 4x / 2
Step-by-step explanation:
Answer:
4
Step-by-step explanation:
center | (5, -3)
radius | 4
diameter | 8
area enclosed | 16 π≈50.2655
circumference | 8 π≈25.1327
