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Semenov [28]
3 years ago
14

Fritz benjamin buys a car costing $12300. He agrees to make payment at the end of each month period for 8 years. He pays 7.2% in

terest compounded monthly. what is the amount of each payment? find the total amount of interest fritz will pay?
Mathematics
1 answer:
loris [4]3 years ago
4 0
12300=X[((1-(1+(0.072/12)^(-12*8))/(0.072/12)]
Solve for x
X=168.92
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Artemon [7]

Answer:

The coordinates of M are x = \frac{15}{2} and y = 1.

Step-by-step explanation:

Let be A = (-3,-6) and B = (12, 4) endpoints of segment AB and M a point located 7/10 the way from A to B. Vectorially, we get this formula:

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\vec M - \vec A = \frac{7}{10}\cdot (\vec B - \vec A)

By Linear Algebra we get the location of M:

\vec M = \vec A + \frac{7}{10}\cdot (\vec B - \vec A)

\vec M = \vec A +\frac{7}{10}\cdot \vec B - \frac{7}{10}\cdot \vec A

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If we know that \vec A = (-3,-6) and \vec B = (12, 4), then:

\vec M = \frac{3}{10}\cdot (-3,-6)+\frac{7}{10}\cdot (12,4)

\vec M = \left(-\frac{9}{10},-\frac{9}{5}  \right)+\left(\frac{42}{5} ,\frac{14}{5} \right)

\vec M =\left(-\frac{9}{10}+\frac{42}{5} ,-\frac{9}{5}+\frac{14}{5}   \right)

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harkovskaia [24]

4. SOLVE FOR X:

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67 = 12x - 5

67 + 5 = 12x - 5 + 5

72/12 = 12x/12

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5. SOLVE FOR Y:

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