Given the formula for future value annuity:
FV of annuity=P[(1+r)^n-1]/r
where:
P=principle
r=rate
n=time
the time taken to repay the loan will be:
1500=90[(1+0.06)^n-1]/0.06
90=90[(1+0.06)^n-1]
1=(1+0.06)^n-1
1+1=(1+0.06)^n
2=1.06^n
introduce natural log
ln2=nln1.06
n=ln2/ln1.06
n=11.8957=12 years
the answer is 12 years.
Answer:
A or D
(I'm not sure sorry if its wrong)
Answer:
m∠ONP = 43*
m∠LNO = 137*
m∠MNP = 137*
Step-by-step explanation:
Each line segment is a straight line meaning they are each worth 180°, so if you take 43° from 180° you're eft with 137° which is what ∠LNO and ∠MNP are equal to. ∠ONP is 43° since it is a vertical angle to ∠MNL which is also 43°.
