The monthly payment of Angelica on the loan after she graduates in 4 years is $97.22.
<h3>How do we calculate the monthly payment of a loan?</h3>
Firstly, we calculate the future value (FV) of the loan in 4 years as follows:
FV in 4 years = Loan amount * (1 + Interest rate)^4 = $16,000 * (1 + 0.056)^4 = $19,896.45
Secondly, the monthly payment is calculated using the formula for calculating the future value of an ordinary annuity as follows:
M = FV in 4 years / ((((1 + r)^n) – 1) / r) ....................... (1)
Where:
M = Monthly payment = ?
r = monthly interest rate = 0.056 / 12 = 0.00466666666666667
n = number of months = 12 years * 12 months = 144
Substituting all the relevant values into equation (1), we have:
M = $19,896.45 / ((((1 + 0.00466666666666667)^144) – 1) / 0.00466666666666667)
M = $97.22
Learn more about future value here: brainly.com/question/2472793.
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The answer is C, because those are the points that cross the x-axis.
y = 20x
The graph passes through the origin , hence is of form
y = mx ( m is the slope )
to calculate m use the gradient formula
m = (y₂ - y₁ ) / (x₂ - x₁ )
with (x₁, y₁) = (2, 40) and (x₂, y₂) = (4, 80) ← 2 points on the graph
m =
=
= 20
y = 20x
if she read 11/2 = 2 1/2 in and hour she would read 2 1/2*2 of 2 1/2+2 1/2 =5
she read 5 chapters and plz
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