Present value of annuity PV = P(1 - (1 + r/t)^-nt) / (r/t)
where: p is the monthly payment, r is the APR = 14.12% = 0.1412, t is the number of payments in one year = 12, n is the number of years = 2.
1,120.87 = P(1 - (1 + 0.1412/12)^(-2 x 12)) / (0.1412 / 12)
0.1412(1120.87) = 12P(1 - (1 + 0.1412/12)^-24)
P = 0.1412(1120.87) / 12(1 - (1 + 0.1412/12)^-24) = $53.88
Minimum monthly payment = 3.15% of 1120.87(1 + 0.1412/12) = 0.0315 x 1120.87(1 + 0.1412/12) = $35.72
Therefore, his first payment will be greater than the minimum payment by 53.88 - 35.72 = $18.16
Sorry hope you find the answer that you’re looking for I am not much help
Answer:
x=25
the area of x squared is then 625
Step-by-step explanation:
3x +5 = 80
3x= 75
x=25
the area of x squared is then 625
Answer:
Step-by-step explanation:
1. 94/100=0.94=94%
2.15/20=0.75=75%
3. 4/10=0.4=40%
4. 3/100=x/100 》x=3
5. 80/100=x/30 》x=2400/100=24
6. 30/100=x/10 》x=3
7. 2/5=0.4=40%
8. 60/100=x/5 》 x=300/100=3
9. 50/100*x=150 》 50x=15000 》x=300
10. 3/5=0.6=60% 》 100%-60%=40%
