Answer:
$11,130.47
Step-by-step explanation:
The amortization formula can be used. It tells you the monthly payment amount A for some principal P, interest rate r, and n payments.
A = P(r/12)/(1 -(1 +r/12)^(-n))
Filling in your values, we get ...
200 = P(.03/12)/(1 -(1 +.03/12)^-60) = P(.0025)/(1 -1.0025^-60)
P = 200(1 -1.0025^-60)/.0025 ≈ 200×55.6523577
P ≈ 11,130.47
The present value of the loan is $11,130.47.
Answer:
Video Games = $5.25
Movies = $1.25
Step-by-step explanation:
(3x + 5y = 30)2
6x + 2y = 18
Video Games (y) = 5.25
6x + 10y = 60
<u>- 6x + 2y = 18 </u>
(8y)/8 = (42)/8
<u> </u>
6x + 2(5.25) = 18
6x + 10.5 = 18
6x = 7.5
x = 1.25
Double Check by plugging in the numbers
recall minus * minus * minus * minus * minus is minus.
Answer:
5.3
Step-by-step explanation:
Cos(68) = adjacent/hypotenuse
Cos(68) = 2/AC
AC = 2/cos(68)
AC = 5.3389343253
AC = 5.3
To find the percent, you have to divide 24/6
24/6 = 0.25
Now you convert 0.25 to a percent.
So move the decimal point 2 places to the right.
= 25 %
