Given Information:
Monthly payment = MP = $1500/4 = $375
Monthly interest rate = r = 25/12 = 2.083%
Required Information:
Present Value = ?
Answer:
Explanation:
n = 10*4
n = 40 monthly payments
The present value is found by
Where r is monthly interest rate.
MP is the monthly payment.
Therefore, $10,110 is the present value of 10 quarterly payments of $1500 each at 25% interest rate compounded each month.
APR stands for Annual Percentage Rate and in this problem, we are given APR is equal to 9.7%
Per month rate = 9.7% / 12 months = 0.808%
Total credit interest for 12 months = 958.62 *0.097 = $92.97
In one month = $92.97/12 = $7.7475
If you pay at the end of the first month:
Payment = 105.00
The amount goes to principal:
Amount =$105 - $ 7.7475
Amount = $142.25
I don’t see Hannah’s team
Answer:
2z^3 - 5z^2 + 4z - 1
Step-by-step explanation:
(2z - 1)(z^2 – 2z+ 1) =
= 2z^3 - 4z^2 + 2z - z^2 + 2z - 1
= 2z^3 - 5z^2 + 4z - 1
Answer:
-2.08
Step-by-step explanation:
If you just switch the problem, to make it 4.58-2.5, you get negative 2.5
