Present value of annuity PV = P(1 - (1 + r/t)^-nt) / (r/t)
where: p is the monthly payment, r is the APR = 14.12% = 0.1412, t is the number of payments in one year = 12, n is the number of years = 2.
1,120.87 = P(1 - (1 + 0.1412/12)^(-2 x 12)) / (0.1412 / 12)
0.1412(1120.87) = 12P(1 - (1 + 0.1412/12)^-24)
P = 0.1412(1120.87) / 12(1 - (1 + 0.1412/12)^-24) = $53.88
Minimum monthly payment = 3.15% of 1120.87(1 + 0.1412/12) = 0.0315 x 1120.87(1 + 0.1412/12) = $35.72
Therefore, his first payment will be greater than the minimum payment by 53.88 - 35.72 = $18.16
Answer:
y = 4.125x + 496.25
Step-by-step explanation:
Set the data up as points. Then deal with the points.
Givens
(30,620)
(70,785)
y2 = 785
y1 = 620
x2 = 70
x1 = 30
Formula
Slope = (y2 - y1) / (x2 - x1)
Solution
Slope = (785 - 620)/(70 - 30)
Slope = 165 / 40
Slope = 4.125
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Now you need the y intercept. Either one of the two given points will give you that.
y = 620
x = 30
m = 4.125
y = mx + b
620 = 4.125*30 + b
620 = 123.75 + b
620 - 123.75 + b
b = 496.25
4 miles because there are 5280 ft in one mile so if you were to multiply that by 4 you would get 21120 ft
The answer is 25 degrees.
This is how you solve the equation, first you must know that the straight like ABC=180, DBC is 130, so the remaining amount is 50 degrees, BE is a bisector of ABD which means it splits ABD right down the middle. So ABE+EBD=50 degrees, 25+25=50 since both sides MUST be equal in order for BE to be a bisector of ABD.
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