The loan amount is given as $76521
We first have to calculate the total amount of tuition
6970 x 4 + 11320 x 4
= 73160
<h3>a. How to solve for the new loan amount</h3>
![73160 (1+\frac{\frac{4.5}{100} }{12} )^1^2](https://tex.z-dn.net/?f=73160%20%281%2B%5Cfrac%7B%5Cfrac%7B4.5%7D%7B100%7D%20%7D%7B12%7D%20%29%5E1%5E2)
= 73160 x (1 + 0.00375)¹²
= 76520.95
Hence the new loan amount after agrace period of 1 year = $76521
b. PV = $76521
i = ![\frac{4.5/100}{12}](https://tex.z-dn.net/?f=%5Cfrac%7B4.5%2F100%7D%7B12%7D)
= 0.00375
t = 10 years
![PMT[\frac{1-(1+0.00375)^-^1^2^0}{0.0375} ]= 76521](https://tex.z-dn.net/?f=PMT%5B%5Cfrac%7B1-%281%2B0.00375%29%5E-%5E1%5E2%5E0%7D%7B0.0375%7D%20%5D%3D%2076521)
pmt = 793. 05
The monthly payment is $793. 05.
In ten years the total payment is 793.05 x 10 x 12
= 95166
Difference = 95166 - 76521
= $18645
In ten years her ,monthly payment on the loan would be $18645.
Read more on interest here:
brainly.com/question/25696681
#SPJ1
Answer: Yes. (gof)(0) = -5
(gof)(0) means you will find the function of g(f(0)), which means we will find f(0) and plug that value in for x in the function g(x)
We know f(0) is -1, so we can plug -1 into the equation of g(x)
(gof)(0) = (-1) - 4
(gof)(0) = -5
Answer:
Step-by-step explanation:
<u>Coordinates of points</u>
i) lies on x- axis with abscissa - 3
- If it lies on x- axis, it has zero y-coordinate
- It is (-3, 0)
ii) lies on y-axis with ordinate 5
- It lies on y-axis, it has zero x-coordinate
- It is (0, 5)
Answer:
80
Step-by-step explanation:
10b - 5a + 6c
substitute the values
10(8) - 5(6) + 6(5)
80 - 30 + 30
=80