Hi there
First find the monthly payment of each offer to see which monthly payment is lower
The formula of the present value of annuity ordinary is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value
PMT monthly payment
R interest rate
K compounded monthly 12
N time
Solve the formula for PMT
PMT=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
Bank F
PMT=16,200÷((1−(1+0.057÷12)^(
−12×8))÷(0.057÷12))
=210.53
Bank G
PMT=16,200÷((1−(1+0.062÷12)^(
−12×7))÷(0.062÷12))
=238.21
From the above the monthly payment of bank f is lower than the bank g
And since the lifetime of bank g is lower than bank f the answer is
b. Yvette should choose Bank F’s loan if she cares more about lower monthly payments, and she should choose Bank G’s loan if she cares more about the lowest lifetime cost.
Good luck!
<span>First, we must calculate the amount that will be available after two years. This is given by:
Amount = initial amount * (1 + interest rate)^time
Amount = 1500 * (1 + 0.05)^2
Amount = $1,653.75
Therefore, the only items you can buy using this amount are the electronics worth $1,650</span>
Answer:
y = 80
The opposite angle of y is 80.
9514 1404 393
Answer:
8 people
Step-by-step explanation:
If 20 of 140 people play tennis, then in a group of 504 people, we expect ...
(20/140) × 504 = 72 . . . . tennis players
If 1 of 9 tennis players has a coach, then in a group of 72 tennis players, we expect ...
(1/9) × 72 = 8 . . . . have a coach
We expect 8 of the 504 people have a tennis coach. We made this prediction by applying the given rates to the larger group.
<h3>
Answer: 72 words per minute</h3>
Work Shown:
1 hour = 60 min
2 hours = 120 min (multiplied both sides by 2)
2 hours + 30 min = 120 min + 30 min = 150 min
speed = (number of words typed)/(time taken)
speed = (10800 words)/(150 min)
speed = (10800/150) words per minute
speed = 72 words per minute
