The present worth of the loan is <span>$6,250
</span>The start of payment will after 4 years
The nominal interest rate is 6.1% compounded monthly which is equal to 6.27% effective.
The future worth (after graduation) of the loan is
F = <span>$6,250 (1 + 0.0627)^4 = $7,971.18
The interest is
</span>$7,971.18 - $6,250 = $1,721.18
I didn't round off when solving these so it's not the exact answer among the choices but the closest is letter B <span>$1,722.22</span>
I would start by multiplying both sides of the inequality by 4 to eliminate the fraction
y + 8 >/= 12
Then subtract 8 from both sides
y >/= 4
Because it is greater than OR equal to, when you graph, you use a solid circle. Greater than means the arrow goes to the right on the line.
So, solid circle on the line on 4, arrow pointing to the right. (Third option from the right)
9514 1404 393
Answer:
32 months
Step-by-step explanation:
It will take Briliana twice as long to reach $16,000 as it takes to reach $8,000. Twice 16 months is 32 months to reach $16,000.
Answer:
y > 44
Step-by-step explanation:
0.5y >22
y >22x 2
Answer:
12x-21
Step-by-step explanation:
3/4(16x-27-1)
3/4(16x-28)
12x-21
