Answer:
The amount needed to pay off the loan after 4 years is $70,192
Step-by-step explanation:
When interest is compounded annually, total amount A after t years is given by:
where P is the initial amount (principal), r is the rate and t is time in years.
From the question:
P = $60,000
r = 4% = 0.04
t = 4
The amount needed to pay off the loan after 4 years is $70,192
If we divide the amount by four, we will get the amount that is paid yearly (70192/4 = 17548). $17,548 is paid yearly.
Answer:
Step-by-step explanation:
<u>Step 1: Find the square root of -1</u>
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Answer:
Answer:
357 / 2
Step-by-step explanation:
your answer would have been 178.5 but just a reminder always do whats in the exponets
Answer:
A (52,2%, 55,8%)
Step-by-step explanation:
To get the confidence interval, we have to add the margin of error to the point estimator.
The middle of the interval is 54%, and the ME is 1.8%. Don't forget that this means ±1.8%!
54 - 1.8 = 52.2%
54 + 1.8 = 55.8%
So our confidence interval is (52,2%, 55,8%) and the answer is A.
