7 * 9 = 63
add four 0's from 700 and 900
630,000
Answer = $160
Using the formula 100+4n, we need to substitute 15 with n. Therefore making the formula, 100 + 4×15. 4×15 = 60. 60+100= $160.
-Hope it helps!
The question is an annuity question with the present value of the annuity given.
The
present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt) /
(r/t) where PV = $61,600; r = interest rate = 9.84% = 0.0984; t = number
of payments in a year = 6; n = number of years = 11 years and P is the
periodic payment.
61600 = P(1 - (1 + 0.0984/6)^-(11 x 6)) / (0.0984 / 6)
61600 = P(1 - (1 + 0.0164)^-66) / 0.0164
61600 x 0.0164 = P(1 - (1.0164)^-66)
1010.24 = P(1 - 0.341769) = 0.658231P
P = 1010.24 / 0.658231 = 1534.78
Thus, Niki pays $1,534.78 every two months for eleven years.
The total payment made by Niki = 11 x 6 x 1,534.78 = $101,295.48
Therefore, interest paid by Niki = $101,295.48 - $61,600 = $39,695.48
Answer:
y=-x+3.
Step-by-step explanation:
The graph goes down one and right one before making another point. This means that the slope is -1/1. Simplify and you get -1. So far we have y=-1x. -1x is the same as -1. Now we have y=-x. The graph intersects the y-axis at the point (0,3). This makes our y-intercept 3. Our final equation is y=-x+3.
I cannot see a pictureesss
