No one is larger that the other one because both fractions are equal. They are equal to one-half. This is calculated by either simplifying or converting it to decimal. If we try to simplify 3/6 it is equal to 1/2, same as 4/8 is equal to 1/2. In decimal, 3/6 is equal to 0.5, and 4/8 is equal to 0.5
To find the monthly payment use the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv student loan 17500
PMT monthly payment?
R interest rate 0.06
K compounded monthly 12 because the payments are monthly.
N time 3 years
Solve the formula for PMT to get
PMT=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
PMT=17,500÷((1−(1+0.06÷12)^(
−12×3))÷(0.06÷12))
=532.38
The total amount paid
532.38×12months×3 years
=19,165.68
The percentage is paid toward the principal is
(17,500÷19,165.68)×100
=91.31%
The percentage is paid for interest is
((19,165.68−17,500)÷19,165.68)×100
=8.69%
Hope it helps!
Answer:
119
Step-by-step explanation:
m - 1/m = 3
(