Answer:
Interest may be compounded on all sorts of time frequencies – daily (365 times a year), monthly (every calendar month or 12 times a year), quarterly (every three months or four times a year), semi-annually (every six months or twice per year) or annually (once a year)
Step-by-step explanation:
Answer:
f=3x-2
Step-by-step explanation:
Answer:
CRINGE
Step-by-step explanation:
Ok ngl BIG BIG CRINGE
Answer:
12 months
Step-by-step explanation:
85-7.50x
At 11 months, the charges will add up to $82.50, so you know what after 12 months the account will be in the negative. At 12 months, the charges will be at $90, which means the account will have a balance of -$5
Answer:
Loan payment = Loan amount / Discount factor
Number of Periodic Payments (n) = Payments per year times number of years. Periodic Interest Rate (i) = Annual rate divided by number of payments per. Discount Factor (D) = {[(1 + i) ^n] - 1} / [i(1 + i)^n]
Step-by-step explanation:
