Answer: $32,732.58
Step-by-step explanation:
To calculate the total loan payment over the course of the loan period, use the future value formula:
= Loan amount * (1 + rate) ^ number of years
As this loan is compounded monthly, you need to convert certain terms to monthly figures:
Number of periods = 6 * 12 months = 72 months
Interest = 4.5 / 12 = 0.375%
Total payment:
= 25,000 * ( 1 + 0.375%)⁷²
= $32,732.58
3
Step-by-step explanation:
Answer:
I got you my man
Step-by-step explanation:
Blank 1: 2
Blank 2: 3
Blank 3: 1 only
X= # students who got lower grades
2x+3= # students with grade A
STEP 1:
Add the two sets above equal to 24.
x + (2x + 3)= 24
combine like terms
3x + 3= 24
subtract 3 from both sides
3x= 21
divide both sides by 3
x= 7 (# students lower than A)
STEP 2:
substitute x value from step 1 to find # grade A students
=2x + 3
=2(7) + 3
=14 + 3
=17 (# grade A students)
CHECK:
x + (2x + 3)= 24
7 + 2(7) + 3= 24
7 + 14 + 3= 24
24= 24
ANSWER: There were 17 students with grade A.
Hope this helps! :)
