The last one is the answer
I don’t understand u sorry ;-;
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: A − 9/7
Step-by-step explanation:
Hi, to answer this question we have to convert all the numbers into decimal form.
-3 1/3 = - (3x3+1)/3 =-10/3 = - 3.3334
-4/5 = -0.8
Since he number must greater than −3 1/3 but less than − 4/5.
−3 1/3 < x < − 4/5.
- 3.3334 < x < -0.8
The correct option is A = -9/7 , because in decimal form is equal to -1.28-
- 3.3334 < -1.28 < -0.8
