Hi there
First find the monthly payment of each offer to see which monthly payment is lower
The formula of the present value of annuity ordinary is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value
PMT monthly payment
R interest rate
K compounded monthly 12
N time
Solve the formula for PMT
PMT=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
Bank F
PMT=16,200÷((1−(1+0.057÷12)^(
−12×8))÷(0.057÷12))
=210.53
Bank G
PMT=16,200÷((1−(1+0.062÷12)^(
−12×7))÷(0.062÷12))
=238.21
From the above the monthly payment of bank f is lower than the bank g
And since the lifetime of bank g is lower than bank f the answer is
b. Yvette should choose Bank F’s loan if she cares more about lower monthly payments, and she should choose Bank G’s loan if she cares more about the lowest lifetime cost.
Good luck!
Answer:
What are the equations and anwsers?
Answer:
13 and 8
Step-by-step explanation:
height is not used to find the bottom triangle
Let's divide the shaded region into two areas:
area 1: x = 0 ---> x = 2
ares 2: x = 2 ---> x = 4
In area 1, we need to find the area under g(x) = x and in area 2, we need to find the area between g(x) = x and f(x) = (x - 2)^2. Now let's set up the integrals needed to find the areas.
Area 1:
Area 2:
Therefore, the area of the shaded portion of the graph is
A = A1 + A2 = 5.34
