He actually borrowed P=21349-3000=18349 (present value)
Assume the monthly interest is i.
then future value due to loan:
F1=P(1+i)^n=18349(1+i)^(5*12)=18349(1+i)^60
future value from monthly payment of A=352
F2=A((1+i)^n-1)/i=352((1+i)^60-1)/i
Since F1=F2 for the same loan, we have
18349(1+i)^60=352((1+i)^60-1)/i
Simplify notation by defining R=1+i, then
18349(R^60)-352(R^60-1)/(R-1)=0
Simplify further by multiplication by (R-1)
f(R)=18349*R^60*(R-1)-352(R^60-1)=0
Solve for R by trial and error, or by iteration to get R=1.004732
The APR is therefore
12*(1.004732-1)=0.056784, or 5.678% approx.
Answer:
y=5sin(16pix)+3
Step-by-step explanation:
Amp=5 means our curve is either y=5sin(bx+c)+d or y=-5sin(bx+c)+d.
y=sin(x) has period 2pi.
So y=sin(bx) has period 2pi/b.
We want 2pi/b=1/8.
Cross multiplying gives: 16pi=b
y=5sin(16pix+c)+d
d=3 since we want midline y=3.
y=5sin(16pix+c)+3
We can choose c=0 since we aren't required to have a certain phase shift.
y=5sin(16pix)+3
Answer:love that pfp,
Step-by-step explanation:
<span>% increase = Increase ÷ Original Number × 100.</span>
The taxable amount was $80.86
Step-by-step explanation:
Given,
Sales tax = .07
Total grossed = $1236.00
Let,
x be the price before sales tax, therefore,
Amount of sales tax = 0.07x
Price before sales tax + Sales tax = Total amount grossed
x+0.07x = 1236
1.07x=1236
Dividing both sides by 1.07
Taxable amount = Total amount grossed - Price before tax
Taxable amount = 1236 - 1155.14 = $80.86
The taxable amount was $80.86
Keywords: subtraction, addition
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