In an installment loan, a lender loans a borrower a principal amount P, on which the borrower will pay a yearly interest rate of i (as a fraction, e.g. a rate of 6% would correspond to i=0.06) for n years. The borrower pays a fixed amount M to the lender q times per year. At the end of the n years, the last payment by the borrower pays off the loan.
After k payments, the amount A still owed is
<span>A = P(1+[i/q])k - Mq([1+(i/q)]k-1)/i,
= (P-Mq/i)(1+[i/q])k + Mq/i.
</span>The amount of the fixed payment is determined by<span>M = Pi/[q(1-[1+(i/q)]-nq)].
</span>The amount of principal that can be paid off in n years is<span>P = M(1-[1+(i/q)]-nq)q/i.
</span>The number of years needed to pay off the loan isn = -log(1-[Pi/(Mq)])/(q log[1+(i/q)]).
The total amount paid by the borrower is Mnq, and the total amount of interest paid is<span>I = Mnq - P.</span>
Answer:
the ans is
Step-by-step explanation:
V=πr2h=π·32·6≈169.646
The answer is 0.35 pounds in each bag, I believe.
Well pie is 3.14 etc.
And the way to find that out is by:
~Using the formula.
~To find out what the circumference is you have to use this formula<span>
C= π*d =2*π*r
</span>~Pi<span> equals a circle's circumference divided by its diameter.
</span>~If you plug in the numbers in a calculator the numbers should be 3.14.
Answer:
40 inches
Step-by-step explanation:
blainliest
