Present value of annuity PV = P(1 - (1 + r/t)^-nt) / (r/t)
where: p is the monthly payment, r is the APR = 14.12% = 0.1412, t is the number of payments in one year = 12, n is the number of years = 2.
1,120.87 = P(1 - (1 + 0.1412/12)^(-2 x 12)) / (0.1412 / 12)
0.1412(1120.87) = 12P(1 - (1 + 0.1412/12)^-24)
P = 0.1412(1120.87) / 12(1 - (1 + 0.1412/12)^-24) = $53.88
Minimum monthly payment = 3.15% of 1120.87(1 + 0.1412/12) = 0.0315 x 1120.87(1 + 0.1412/12) = $35.72
Therefore, his first payment will be greater than the minimum payment by 53.88 - 35.72 = $18.16
Answer:56.9
Step-by-step explanation:
easy
Answer:
If Carley ran the 400 meter run in a total of 55.7 seconds and she beat the record by 1.3 seconds, you would add 55.7 and 1.3
55.7+1.3= 57 seconds
The past school record for the girls 400 meter run was 57 seconds
Hope this helps ;)
Answer:
2 corresponding to 6
3 corresponding to 7
Step-by-step explanation:
Corresponding angles just make the letter F
Answer:
It would be constant.
Step-by-step explanation:
Since there is no x value, the line will have no slope and just be horizontal about y= -2.
