The question is an annuity question with the present value of the annuity given.
The
present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt) /
(r/t) where PV = $61,600; r = interest rate = 9.84% = 0.0984; t = number
of payments in a year = 6; n = number of years = 11 years and P is the
periodic payment.
61600 = P(1 - (1 + 0.0984/6)^-(11 x 6)) / (0.0984 / 6)
61600 = P(1 - (1 + 0.0164)^-66) / 0.0164
61600 x 0.0164 = P(1 - (1.0164)^-66)
1010.24 = P(1 - 0.341769) = 0.658231P
P = 1010.24 / 0.658231 = 1534.78
Thus, Niki pays $1,534.78 every two months for eleven years.
The total payment made by Niki = 11 x 6 x 1,534.78 = $101,295.48
Therefore, interest paid by Niki = $101,295.48 - $61,600 = $39,695.48
Answer:
The axis of symmetry is x = -4
The function is negative over (-6, -2)
Answer:
x = - 7
Step-by-step explanation:
- 3x + 7 = 28
- 3x + 7 - 7 = 28 - 7
- 3x = 21
- 3x/3 = 21/3
- x = 7
x = - 7
The confirmed correct answer is -9%. Trust me.
can be rewritten as
, finding the value of c so that x=(+-)12 solves this equation it means to find the value of c so that
.
, we must find c so that
.
, c=36.