Which one is it? please help me
1 answer:
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Using the monthly payment formula, it is found that her down payment should be of $1,419.
<h3>What is the monthly payment formula?</h3>It is given by:
In which:
- P is the initial amount.
- r is the interest rate.
- n is the number of payments.
For this problem, the parameters are:
A = 250, r = 0.072, n = 72.
Hence:
r/12 = 0.072/12 = 0.006.
We solve for P to find the total amount of the monthly payments, hence:
0.0171452057P = 250
P = 250/0.0171452057
P = $14,581.
The total payment is of $16,000, hence her down payment should be of:
16000 - 14581 = $1,419.
More can be learned about the monthly payment formula at brainly.com/question/26476748
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<h2><em><u>Ans</u></em><em><u>wer</u></em><em><u>:</u></em></h2>
Let m<6 be X
140° + X = 180°
X = 180° - 140°
X =40°
The correct option is B, II. only.
Given to us,
I. In the effective rate formula, n is equal to one.
Effective interest rate formula,
where,
r is the effective interest rate,
i is the stated interest rate,
n is the number of compounding periods per year.
According to the question the compounding periods per year is not given to us. Also, loans are taken for a longer period of time.
Thus, we can conclude that statement is false.
II. The nominal rate is 7. 918%.
nominal rate = real interest rate + inflation rate,
but as it is not mentioned in the question about the inflation rate. the statement is true to us. Assuming the inflation rate is 0%.
Thus, we can conclude that statement is true.
III. The Federal Funds Rate is static.
This statement is false, as the no information is given about this statement also this can not be concluded through assumption.
Thus, we can conclude that statement is false.
Hence, The correct option is B, II. only.
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