The question is an annuity question with the present value of the annuity given.
The
present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt) /
(r/t) where PV = $61,600; r = interest rate = 9.84% = 0.0984; t = number
of payments in a year = 6; n = number of years = 11 years and P is the
periodic payment.
61600 = P(1 - (1 + 0.0984/6)^-(11 x 6)) / (0.0984 / 6)
61600 = P(1 - (1 + 0.0164)^-66) / 0.0164
61600 x 0.0164 = P(1 - (1.0164)^-66)
1010.24 = P(1 - 0.341769) = 0.658231P
P = 1010.24 / 0.658231 = 1534.78
Thus, Niki pays $1,534.78 every two months for eleven years.
The total payment made by Niki = 11 x 6 x 1,534.78 = $101,295.48
Therefore, interest paid by Niki = $101,295.48 - $61,600 = $39,695.48
Answer:
b = 12.6
Step-by-step explanation:
a*2 + b*2 = c*2
6*2 + b*2 = 14*2
36 + b*2 = 196
Subtract 36 from both sides
36 + b*2 = 196
-36 -36
b*2 = 160
Find the square root of both
b = 12.64911064 or 12.6
He can complete about 6 pages of math homework.
you first do 200 divided by 32 and you get 6.25. So therefore Dan can complete 6 pages in 200 minutes.
Answer:
6.25liters
Step-by-step explanation:
5/8 × 10
Lcm is 8
5×10/8
50/8
6.25
So 5/8 of 10liters is
6.25liters
Answer:
y </ 4x - 6
Step-by-step explanation:
