3 years ago

Here other question I need help

Mathematics

1 answer:

Citrus2011 [14]3 years ago

4 0

Answer:

that question is contradicting itself

Step-by-step explanation:

i want to help

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Step 1

Given;

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Step 2

A) she will owe

$\begin{gathered} A=P(1+\frac{r}{n})^{nt} \\ A=7600(1+\frac{0.082}{12})^{12\times1} \\ A=\text{ \$}8247.16 \end{gathered}$

B) The effective annual rate is given as;

$\begin{gathered} R=(1+\frac{i}{n})^n-1 \\ R=[(1+\frac{0.082}{12})^{12}-1]\times100 \\ R=0.08515\times100=8.515\text{\%} \\ R\approx8.52\text{\%} \end{gathered}$

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I would say D, remember a negative plus a negative is a positive.

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