Step-by-step explanation:
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What is the question? If you are only trying to expand the
expression then the answer would be:
1/4 (5y-3)+ 1/16 (12y+17)
(5y/4) – (3/4) + (12y/16) + (17/16)
1.25y – 0.75 + 0.75y + 1.0625
2y + 0.3125
If you are trying to find for y, then you forgot to equate
it to 0, that is:
2y + 0.3125 = 0
2y = -0.3125
<span>y = 0.15625</span>
First find the total payments
Total paid
200×30=6,000 (this is the future value)
Second use the formula of the future value of annuity ordinary to find the monthly payment.
The formula is
Fv=pmt [(1+r/k)^(n)-1)÷(r/k)]
We need to solve for pmt
PMT=Fv÷[(1+r/k)^(n)-1)÷(r/k)]
PMT monthly payment?
Fv future value 6000
R interest rate 0.09
K compounded monthly 12
N=kt=12×(30months/12months)=30
PMT=6000÷(((1+0.09÷12)^(30)
−1)÷(0.09÷12))
=179.09 (this is the monthly payment)
Now use the formula of the present value of annuity ordinary to find the amount of his loan.
The formula is
Pv=pmt [(1-(1+r/k)^(-n))÷(r/k)]
Pv present value or the amount of his loan?
PMT monthly payment 179.09
R interest rate 0.09
N 30
K compounded monthly 12
Pv=179.09×((1−(1+0.09÷12)^(
−30))÷(0.09÷12))
=4,795.15
The answer is 4795.15
The vertex will end up landing on (5,10)
Refer to the photo taken.
