If he starts paying after four years, the worth of the loans by then is b. $31,616.16
<h3>What is a Loan?</h3>
This refers to the amount collected from a lender to be repaid after a given time, usually with added interest.
Hence, we can see that:
The effective monthly interest rate is:
i = 0.053/12 = 0.0044
The effective annual interest rate is:
i = (1 + 0.0044)^12 -1 = 0.0543
The present worth of all the loans is:
P = 6125 + 6125 (1 + 0.0543)^-1 + 6125 (1 + 0.0543)^-2 + 6125(1 + 0.0543)^-3
P = $22,671.40
If he pays them prompty, then the total lifetime cost would be
P = 22671.40 (1 + 0.0543)^4 = $31,616.16
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Because the lines are parallel,
The width of that rhombus, or parallelogram.
If you conutined that line, they will never ever touch.
That is the meaning of parallel, and why it is a parallelogram.
The answer is 6/13 at least
Answer:
1024/59049
Step-by-step explanation:
P( clear hurdle) = 2/3
There are 10 hurdles
P ( clear all hurdles) = P( clear hurdle) * P( clear hurdle)...... 10 times
= 2/3 * 2/3 *....... 10 times
= (2/3) ^ 10
=1024/59049
Answer:
Yes, your simultaneous equations are correct;
Solve them like so:
170 + 1.6449σ = 180 - 0.8416
2.4865σ = 10
σ = 4.0217...
μ = 170 + 1.6449(4.0217...)
μ = 176.615...
MS is correct, you must've made an error in solving or rearranging
