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:
y = -6
Step-by-step explanation:
-6 + 8 = 2
Hello from MrBillDoesMath!
Answer:
(x-8)^(1/3) +2
Discussion:
To find the inverse of a function swap the values of x and y in the original equation y = (x-2)^3 +8 and solve for y.
y = (x-2)^3 +8 => original function. swap x and y values
x = (y-2)^3 + 8 => subtract 8 from both sides
x - 8 = (y -2)^3 => take cube root of both sides
(x-8)^(1/3) = y - 2 => add 2 to both sides
(x-8)^(1/3) +2 = y => y is the inverse
Thank you,
MrB
Step-by-step explanation:
Co interior angles' sum is 180°
1cm = 10mm
the 1st line segment is 35cm = 350mm
the 2nd line segment is 450mm = 45cm
