Step-by-step explanation:
X = 8/9
X = 8 Over 9
X = 8 Over 9
Answer:
FV= $8,739.38
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $6,100
Number of periods (n)= 12*12= 144
Interest rate (i)= 0.03/12= 0.0025
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 6,100*(1.0025^144)
FV= $8,739.38
Answer:
i think the awnser is d
Step-by-step explanation:
i counted 13
Answer:
The new rate would be 3.75%
Step-by-step explanation:
Purchasing a point simply implies negotiating for a lower rate of interest, which involves paying 1% of the loan in lieu of 1% interest reduction.
A point implies a reduction in interest rate by 0.25% while 3 points would reduce the interest rate by 0.75%(0.25%*3)
New interest rate=4.5%-0.75%=3.75%