I think it is b
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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
Answer:
15p + 3
Step-by-step explanation:
Multiply 3 by each number in the parentheses and keep the variable
Basically, you'd do:
0.2 * 52 (0.2 = 20%, 21% = 0.21)
Your Answer:
10.4
