9514 1404 393
Answer:
$7641.24
Step-by-step explanation:
The amortization formula tells the payment amount.
A = P(r/n)/(1 -(1 +r/n)^(-nt))
where principal P is paid off in t years with n payments per year at interest rat r.
Using the given values, we find ...
A = $7000(0.165/12)/(1 -(1 +0.165/12)^-12) = $7000×0.01375/(1 -1.01375^-12)
A = $636.77
The total of 12 such payments is ...
$636.77 × 12 = $7641.24
You will pay a total of about $7641.24.
_____
<em>Additional comment</em>
Since the payment amount is rounded down, the actual payoff will be slightly more. Usually, the lender will round interest and principal to the nearest cent on each monthly statement. The final payment will likely be a few cents more than the monthly payment shown here.
Answer:
1 and 2
Step-by-step explanation:
Answer:
C
Step-by-step explanation:
Hope this helps
let me know if I’m wrong
<u>Answer</u>
12 units
<u>Explanation</u>
This can be solved using the properties of a circle.
DG and EG are secants f the circle.
DG×HG =EG×FG
(x+3+5)×5 = (x+6)×6
(x+8)5 = 6x + 36
5x +40 = 6x + 36
x = 4
DG = (x+3+5)
= 4 + 3 + 5
= 12 units
You can use F.O.I.L. for this, which if you don't know stands for first outer inner last, so multiply the first in each parentheses, then the outer, then the inner, then the last. yours would be 3*5+3*√7+(-√7)*5+(-√7)*√7 => 15+3√7-5√7-7 => 8-2√7
Final answer:
8-2√7
Hope I could help :)
