5 YEARS SHE WILL PAY =150 *12 *5 =9000
ON THAT 6% IS INTEREST
VALUE OF THE CAR IS 100- 6 =94 % OF 9000
WHICH IS 9000*.94= 8460
Answer:
im taking it on edgenunity
Step-by-step explanation:
so what u do is pick the first 3 then last one
First, we convert the interest such that it is compounded annually. The formula would be:
ieff = (1 + i/m)^m - 1
where m = 4, since there are 4 quarters in a year
ieff = (1 + 0.025/4)^4 - 1
ieff = 0.0252
Then we use this for this equation:
F = P(1 + i)^n, where F is the future worth, P is the present worth and n is the number of years
F = $600(1 + 0.0252)^15
F = $871.53
Answer:
47/100
Step-by-step explanation:
47 -> 0.47 47/100 = 0.47
