<span>B(n) = A(1 + i)^n - (P/i)[(1 + i)^n - 1]
where B is the balance after n payments are made, i is the monthly interest rate, P is the monthly payment and A is the initial amount of loan.
We require B(n) = 0...i.e. balance of 0 after n months.
so, 0 = A(1 + i)^n - (P/i)[(1 + i)^n - 1]
Then, with some algebraic juggling we get:
n = -[log(1 - (Ai/P)]/log(1 + i)
Now, payment is at the beginning of the month, so A = $754.43 - $150 => $604.43
Also, i = (13.6/100)/12 => 0.136/12 per month
i.e. n = -[log(1 - (604.43)(0.136/12)/150)]/log(1 + 0.136/12)
so, n = 4.15 months...i.e. 4 payments + remainder
b) Now we have A = $754.43 - $300 = $454.43 so,
n = -[log(1 - (454.43)(0.136/12)/300)]/log(1 + 0.136/12)
so, n = 1.54 months...i.e. 1 payment + remainder
</span>
Answer:
F distribution test
Step-by-step explanation:
He would use the F distribution test. This test is used in comparing the variances of two categorical variables if they are equal. The null hypothesis is rejected if after carrying out the test the results states otherwise.
Answer:
900 grams of flour 150x6=900
3 eggs 450/150=3
Answer:
1 1/2
Step-by-step explanation: 15x2/4x-5 =30/-20 =1 1/2 First:
Convert any mixed numbers to fractions.
Then your initial equation becomes: <u>Applying the fractions formula for division,</u><u><em> </em></u> Simplifying 30/-20,