Hi there
We know that 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 because the payment is monthly
N time
What we need from the formula above to find the monthly payment
So to find the monthly payment the formula
PMT=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
Another important things we need is how to find total payments and interest charge
To find total payments
Monthly payment×12
And to find interest charge
Total payments-present value
Now let's find interest charge for each credit card
Credit card A
The monthly payment is
PMT=563÷((1−(1+0.16÷12)^(
−12))÷(0.16÷12))=51.08
Total payments
51.08×12=612.96
interest charge
612.96−563=49.96
Credit card b
PMT=2,525÷((1−(1+0.21÷12)^(
−12))÷(0.21÷12))=235.11
Total payments
235.11×12=2,821.32
interest charge
2,821.32−2,525=296.32
Credit card c
PMT=972÷((1−(1+0.19÷12)^(
−12))÷(0.19÷12))=89.58
Total payments
89.58×12=1,074.96
interest charge
1,074.96−972=102.96
So total interest charge for all credit cards is
102.96+296.32+49.96
=449.24....final answer
It's c
Good luck!
Answer:
The ratio is 4:3
Step-by-step explanation:
All the whole number possible ratios
48:36
24:18
12:9
4:3
Answer:
3/4 miles per minute
Step-by-step explanation:
To get speed in miles per minute, just divide distance/time
1/4 mile / 1/3 minute = 3/4 miles per minute
If you want miles per hour, you'll have to convert minutes to hours.
3/4 miles/minute * 60 minutes/hour = 45 miles/hour
Answer:
the mode is 7 because they have the most points
Step-by-step explanation:
