The answer 5 (1/4) because if you add 1 and a quarter to it then that would make it 6 and a half
Answer:
Y=x
Step-by-step explanation:
The y and x values are the same
Answer:
y=x+2; y=5
Step-by-step explanation:
Answer:
The amount needed to pay off the loan after 4 years is $70,192
Step-by-step explanation:
When interest is compounded annually, total amount A after t years is given by:

where P is the initial amount (principal), r is the rate and t is time in years.
From the question:
P = $60,000
r = 4% = 0.04
t = 4

The amount needed to pay off the loan after 4 years is $70,192
If we divide the amount by four, we will get the amount that is paid yearly (70192/4 = 17548). $17,548 is paid yearly.