Answer: A. Zero
Step-by-step explanation: If the quadratic equation is incomplete, b will always equal 0.
In an installment loan, a lender loans a borrower a principal amount P, on which the borrower will pay a yearly interest rate of i (as a fraction, e.g. a rate of 6% would correspond to i=0.06) for n years. The borrower pays a fixed amount M to the lender q times per year. At the end of the n years, the last payment by the borrower pays off the loan.
After k payments, the amount A still owed is
<span>A = P(1+[i/q])k - Mq([1+(i/q)]k-1)/i,
= (P-Mq/i)(1+[i/q])k + Mq/i.
</span>The amount of the fixed payment is determined by<span>M = Pi/[q(1-[1+(i/q)]-nq)].
</span>The amount of principal that can be paid off in n years is<span>P = M(1-[1+(i/q)]-nq)q/i.
</span>The number of years needed to pay off the loan isn = -log(1-[Pi/(Mq)])/(q log[1+(i/q)]).
The total amount paid by the borrower is Mnq, and the total amount of interest paid is<span>I = Mnq - P.</span>
Answer:
125
Step-by-step explanation:
By doing 6.99/87, we can figure out that each chip costs approximately 8 cents. With this in mind, we can divide 10 by 0.08 to get 125.
Answer:
37.57
Step-by-step explanation:
34 + 15.45 - 19.75 + 7.87
34 + 15.45 = 49.45
49.45 - 19.75 + 7.87
49.45 + 7.87 = 57.32
57.32 - 19.75 = 37.57
