The monthly payment of Angelica on the loan after she graduates in 4 years is $97.22.
<h3>How do we calculate the monthly payment of a loan?</h3>
Firstly, we calculate the future value (FV) of the loan in 4 years as follows:
FV in 4 years = Loan amount * (1 + Interest rate)^4 = $16,000 * (1 + 0.056)^4 = $19,896.45
Secondly, the monthly payment is calculated using the formula for calculating the future value of an ordinary annuity as follows:
M = FV in 4 years / ((((1 + r)^n) – 1) / r) ....................... (1)
Where:
M = Monthly payment = ?
r = monthly interest rate = 0.056 / 12 = 0.00466666666666667
n = number of months = 12 years * 12 months = 144
Substituting all the relevant values into equation (1), we have:
M = $19,896.45 / ((((1 + 0.00466666666666667)^144) – 1) / 0.00466666666666667)
M = $97.22
Learn more about future value here: brainly.com/question/2472793.
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Answer:
(3,3), (3,6), (9,6)
Step-by-step explanation:
A triangle ABC has vertices at A(1, 1), B(1, 2), and C(3, 2).
The dilation by a scale factor of 3 within the origin as the center of dilation has the rule
Hence,
See attached diagram for details.
Answer:
Step-by-step explanation:
DISTANCE FORMULA
D=(SQRT(X2-X1)^2+(Y2-Y1)^2)
SQRT(1-(-1))^2+(3-(-1)^2)
SQRT((2)^2+(4)^2)
SQRT(4+16)
SQRT(20)
2SQRT(5)
So ram had 10 chocolates and i had 30 chocolates
because 1:3= 10:30
=> 4= 40
Answer:the answer is 6
Step-by-step explanation:
