The monthly payment for loans with no fees is expressed by a formula. The monthly payment equation is expressed as:
P = (P° x r x (1+r)^N) / ((1+r)^N -1)
<span>where P is the monthly payment, P° is the loan amount, r is the APR, N is the number of monthly payments
We substitute the values and manipulate where one side contains the unknown term r.
</span><span>27.50/835 = ( r x (1+r)^36) / ((1+r)^36 -1)
</span>
Using some functions in the calculator we obtain,
r = 9.51 x 10^-3
Thus, the problem above has an APR of 0.95% monthly.
Answer:
E
Step-by-step explanation:
I took the test too!
Answer:
Percy is incorrect
Step-by-step explanation:
I plugged in 9 and 8 for x and both of them did NOT solve it. The only number I know of that can solve it is -7. -7^2=49
-7 multiplied by 7 =-49
(49) + (-49) + 12 = 12
Answer:
H = 45
J = 45
K = 135
Step-by-step explanation:
The total should be 360 degrees, and we know that J and H are the same since, uh I don't know (forgot the vocab word for it).
45 + 45 = 90
360 - 90 = 270
270/2 = 135
135 is the degree for I and K since, uh I don't know (forgot the vocab word for it).