Answer:
$106
Step-by-step explanation:
The formula given for Monthly payment of a loan =
P × [ r (1 + r)/(1 + r)^n - 1
Where
r = interest rate
n = number of monthly payments
P = Present value of the loan
From the question,
r = interest rate, we were told to ignore hence, r = 0
P = $3,175
n = 30
Hence,
Amount to be paid monthly = P/n
= $3175/30
= $105.83
Approximately to the nearest dollars
= $106
Answer:
Anna will need to deposit
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above and solve for P
It's a simultaneous equation:
Steps:
1.Number the equations..
a+b=77 -1
a-b=13 -2
2. Choose what variable you want to use. In this case I would use the "b". Since the signs in front of the "b's" are different, add the two equations together
a + b = 77
+ + +
a (-b) = 13
Which gives;
2a = 90
Then solve to find a:
2a=90
a= 90/2
a=45
3.Then plug the "a" value into any of the original equations to find the "b" value. I would use equation 1 since the all the variables are positive.
a + b = 77
(45) + b = 77
b=77-45
b=32
4.Solution
a=45
b=32
Answer:
$91,200
Step-by-step explanation:
I gave it my best shot sorry if it wrong
Part A
The first thing we must do in this case is to hide the slopes of each line.
line m:
m = (- 4-3) / (0 - (- 4))
m = -7 / 4
Line n:
n = (- 2-2) / (3-1)
n = -4 / 2
n = -2
Answer:
Lines m and n are not parallel because their slopes are different.
Part B:
We look for the slope of the K line:
k = (1 - (- 3)) / (4 - (- 3))
k = 4/7
We observe that it is true that:
k = -1 / m
Answer:
The lines are perpendicular.