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:
14+=+2L+%2B+2%28L-3%29 Simplify and solve for L
14+=+2L+%2B+2L+-+6 Combine like-terms.
14+=+4L-6 Add 6 to both sides.
20+=+4L Divide both sides by 4.
5+=+L The length is 5 meters.
W+=+L-3
W+=+5-3
W+=+2meters.
The width is 2 meters.
P+=+2L%2B2W
P+=+2%285%29%2B2%282%29
P+=+10%2B4
P+=+14meters.
Step-by-step explanation:
Answer:
-1, -1.1, 0.9, 1
Step-by-step explanation:
Let A(4,12) and B(6,18)
RATE OF CHANGE = m = (y₂ - y₁) / (x₂ - x₁) = (18-12)/ (6-4)
m= 6/2 or m = 3
Answer: option D
Step-by-step explanation:
The formulae for standard error = standard deviation/√n
But population standard deviation = 1.8 and sample size = n = 81
Standard error = 1.8/√81 = 1.8/9 = 0.2
