Answer:
100% of the 2nd monthly payment go toward the repayment of principal.
Step-by-step explanation:
The loan taken is the Principal which is mentioned as $72,500 with interest at a nominal rate of 20%. Firstly, it is important to understand that nominal rate means <em>non-compounding </em>rate. Simply put will be a "<em>one-time charged" </em>rate on the loan. Since this is given as 20% of the Principal. It is calculated thus: 
× 
= $14,500. So the interest on the loan is $14,500. Added to the Principal the total amount to be paid back by the company becomes: $72,500 + $14,500 = $87,000. To pay back this amount at equal end-of-month installments in 1 year (12 months), we divide the total amount by 12. i.e 
= $7250. This means, the monthly payment will be $7,250. Since the monthly payment pays only 10% of the initial principal $72,500. By the second month only 20% of the Principal would have been paid. So all of the monthly payment will go towards repaying the principal
What sets of ordered pairs represents a function ? A={(2,-2), (5,-5) (-2,2)(-5,5)} B={(4,2), (4,-2) , (9,3) (9,-3)}
Zina [86]
Answer: A
Step-by-step explanation:
In a function, one x value (the number in front) goes to one y value.
In {(4, 2), (4, -2)}, the x value 4 goes to two y values (2 and -2), which lets you know it’s not a function.
Hope this helps!
0.75 x 500 is 375 of gold in 500 kg of ore
The first 5 terms in an arithmetic sequence is 4,2,0,-2,-4
Explanation:
The general form of an arithmetic sequence is
where a denotes the first term of the sequence, d denotes the common difference.
Here a = 4 and d = -2
To determine the consecutive terms of the sequence, let us substitute the values for n.
To find the second term, substitute n = 2 in the formula
Simplifying,
Similarly,
For n = 3,
For n = 4,
For n = 5,
Thus, the first 5 terms of the arithmetic sequence is 4,2,0,-2,-4
Answer:
That answer is correct. hope this helps
Step-by-step explanation:
