There are 12 months so find the month that the 2 payments will be the same. Dose not matter the date just the month.
Answer:oft-t
Step-by-step explanation:
E. 8x+7(325)=15(325)
It would include the 8 hrs. of x miles per hour and the 7 hrs. of 325 miles per hour, giving the total miles. Then, as you eliminate, you can find out what (x) is.
Answer:
2 1/6
Step-by-step explanation:
Answer:
$144.70
Step-by-step explanation:
Calculation to determine how much greater will the amount of interest capitalized be than the minimum amount that she could pay to prevent interest capitalization
First step is to determine the Interest only monthly repayments
Using this formula
I=Prt
where,
P=$6925
r=0.05/1
t=1
Let plug in the formula
I=6925*0.05/12
I= $28.854166666
Second step is to determine the amount she will owe after 4 years
Using this formula
S=P(1+r)n
Let plug in the formula
S=6925*(1+0.05/12)4*12
S=6925*(1+0.05/12)48
S=$8454.70
Third step is to determine the Interest part
Interest =8454.70 - 6925
Interest = $1529.70
Now let determine the how much greater will the amount of interest capitalized be
Interest capitalized=1529.70 - 1385.00
Interest capitalized =$144.70
Therefore how much greater will the amount of interest capitalized be than the minimum amount that she could pay to prevent interest capitalization is $144.70
