Answer:
The correct option is B,N-240;1% = 5.6; PV=-205000; PMT=;FV=0;P/Y=12; C/Y=12;
PMT: END
Step-by-step explanation:
The compounding is done monthly which is means that the number of periods for which the compounding is carried is the number of months in twenty years,which is 20*12=240
Only options B and C have N as 240.
The present worth of the loan ,which is the amount of loan is $205,000
Option B has PV=-$205,000
Option C has PV =$0
Ultimately option B which stated the loan amount correctly is the right answer.
Also,the future value of the loan is unknown,hence option B has it as $0-unknown while option C stated it as -$205,000,which effectively means that the PV was used as FV
Answer: C-Japan
Step-by-step explanation:
on edge
the complete question is
While driving in an exotic foreign land you see a speed limit sign on a highway that reads 180,000 furlongs per fortnight. How many miles per hour is this? (One furlong is 1/8 mile, and a fortnight is 14 days. A furlong originally referred to the length of a plowed furrow.)
Step 1
<u>convert (furlongs per fortnight) to (miles per fortnight)</u>
180,000 furlongs per fortnight=180,000*(1/8)=22,500 miles per fortnight
Step 2
<u>convert miles per fortnight to miles per hour</u>
1 day=24 hour
14 day=24*14=336 hours
22,500 miles per fortnight=22,500/336=66.96 mph
therefore
<u>the answer is</u>
66.96 mph
Answer:
2815 views
Step-by-step explanation:
Given :
⇒ Views on first day = <u>500</u>
⇒ Rate of increase = <u>28%</u>
============================================================
Creating a function :
⇒ Let y be the <u>total number of views</u> and x be the <u>number of days since posted</u>
⇒ y = 500 (1 + 0.28)ˣ = y = 500(1.28)ˣ
============================================================
Solving :
⇒ y = 500(1.28)⁷
⇒ y = 500(5.62949953)
⇒ y = 2815 views (nearest whole number)
