The monthly payment of Angelica on the loan after she graduates in 4 years is $97.22.
<h3>How do we calculate the monthly payment of a loan?</h3>
Firstly, we calculate the future value (FV) of the loan in 4 years as follows:
FV in 4 years = Loan amount * (1 + Interest rate)^4 = $16,000 * (1 + 0.056)^4 = $19,896.45
Secondly, the monthly payment is calculated using the formula for calculating the future value of an ordinary annuity as follows:
M = FV in 4 years / ((((1 + r)^n) – 1) / r) ....................... (1)
Where:
M = Monthly payment = ?
r = monthly interest rate = 0.056 / 12 = 0.00466666666666667
n = number of months = 12 years * 12 months = 144
Substituting all the relevant values into equation (1), we have:
M = $19,896.45 / ((((1 + 0.00466666666666667)^144) – 1) / 0.00466666666666667)
M = $97.22
Learn more about future value here: brainly.com/question/2472793.
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Answer:
The length of the hypotenuse is 91.7
Step-by-step explanation:
To Solve this we first need to distribute the x to the base and side of the triangle, 6(13) + 5 = 83 & 3(13) = 39
Now we use pythagorean theorem, A squared + B squared = C squared.
83 squared = 6889
39 squared = 1521
Now add them up
6889 + 1521 = 8410
Now since it is C squared, we need to find the square root to get C.
The square root of 8410 = 91.7060521 or to round the tenth, 91.7
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Answer: D
Step-by-step explanation:
0.07 or 7% use the toothpaste. This is smaller than the 18% who don’t. I hope this helps.
Answer:
40 percent
Step-by-step explanation:
4/10=40/100=40 percent
