Answer:
745.31
Step-by-step explanation:
1. 12.5^2 * 2 = 312.5
2. (3,14 * 156,25)/2 = 245.31
3. (30 * 12.5)/2 = 187.5
4. 187.5 + 245.31 + 312.5 = 745.31
This question had the following choices:
<span>A) $223,884.91
B) $226,753.98
C) $229,679.66
D) $234,068.73</span>
I used the Online Balloon Payment Loan Calculator and got this amount $226,753.92. This is nearest to Choice B.
For manual computation, use this formula in the 2nd attachment.
The number is 290 because 2 is in the hundreds and 9 more in tens than ones place then has to be 0.
Answer:
The car will have lost it's total value by 2007.
Step-by-step explanation:
If initially the car was valued at 44,000$, and after 9 years it's value dropped to 15,000$, we can say that the car's value dropped in 29,000$. If we suppose that the drop is the same every year, we can say that it was of 3,222,2$ by each year.
This amount of money is the 7,3% of the initial value of the car (I multiplied 3,222,2 x 100 : 44,000).
a) The annual rate of change was of 7,3%.
b) There are 14 years between 1993 and 2007. If we multiply 7,3% by 14, we get that the car lost 102,2% of it's initial value.