Answer:
D. $31,337.27
Step-by-step explanation:
We have that the initial amount of the loan is $5500.
Miranda took the loan for 4 years. So, the total present value is $5500×4 = $22,000.
The rate of interest on the loan is 7.5% i.e. 0.075 and it was for the duration of 10 years.
Also, it is given that the loan was compounded annually.
We have the formula as,
i.e.
Substituting the values, we get,
i.e.
i.e.
i.e.
i.e.
i.e.
i.e.
i.e.
i.e.
Thus, the total lifetime cost to pay of the loans compounded annually = 261.16 × 120 = $31,339.2
Hence, the total cost close to the answer is $31,337.27
Answer:
$16
Step-by-step explanation:
48÷3= $16 per pair of shoe
4 times x minus 8 is the answer
Answer:
The original number is 5.
Step-by-step explanation:
When you double 5, you get 10. And 10 is 5 more than 5.
96 = -6 * (-4 - 3y) <== It's easiest to solve when the y is on the right
↓
-6 * (-4 - 3y) = 96 <== Multiply the -6 by everything inside the
parentheses
<span>↓</span>
24 + 18y = 96 <== Subtract the 24 from both sides
↓
18y = 72 <== Divide both sides by 18
↓
y = 4
The correct answer is choice B. y = 4.
Hope that helped =)