Answer:
multiply the givens. use a calculator
He actually borrowed P=21349-3000=18349 (present value)
Assume the monthly interest is i.
then future value due to loan:
F1=P(1+i)^n=18349(1+i)^(5*12)=18349(1+i)^60
future value from monthly payment of A=352
F2=A((1+i)^n-1)/i=352((1+i)^60-1)/i
Since F1=F2 for the same loan, we have
18349(1+i)^60=352((1+i)^60-1)/i
Simplify notation by defining R=1+i, then
18349(R^60)-352(R^60-1)/(R-1)=0
Simplify further by multiplication by (R-1)
f(R)=18349*R^60*(R-1)-352(R^60-1)=0
Solve for R by trial and error, or by iteration to get R=1.004732
The APR is therefore
12*(1.004732-1)=0.056784, or 5.678% approx.
Answer:
idek
Step-by-step explanation:
Step-by-step explanation:
log(7·x + 7) = 1
7·x + 7 = 10^1
7·x = 10 - 7
x = 3/7 = 0.4285714285
Two polygons are congruent<span> if they are the same size and shape - that is, if their corresponding angles and sides are equal. Move your mouse cursor over the parts of each figure on the left to see the corresponding parts of the </span>congruent<span> figure on the right.</span>
