Answer:
$11,130.47
Step-by-step explanation:
The amortization formula can be used. It tells you the monthly payment amount A for some principal P, interest rate r, and n payments.
A = P(r/12)/(1 -(1 +r/12)^(-n))
Filling in your values, we get ...
200 = P(.03/12)/(1 -(1 +.03/12)^-60) = P(.0025)/(1 -1.0025^-60)
P = 200(1 -1.0025^-60)/.0025 ≈ 200×55.6523577
P ≈ 11,130.47
The present value of the loan is $11,130.47.
Answer:
The solutions are and
Step-by-step explanation:
we have
Divide by both sides
------>
we know that
The formula to solve a quadratic equation of the form is equal to
in this problem we have
so
substitute
Answer:
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Step-by-step explanation:
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Answer:
Area of the base is 10.5 cm².
Step-by-step explanation:
Formula for the volume of the given oblique prism = Area of the triangular base × Vertical height between two triangular bases
Vertical height = 6 cm
Volume = 63 cm³
From the formula,
63 = Area of the triangular base × 6
Area of the base =
= 10.5 cm²
Therefore, area of the base is 10.5 cm².
Answer:
So need me to solve it?
Step-by-step explanation: