Since only the principal value, interest rate and interest period are given, we can deduce that "finance charge" only includes the interest to be paid at the end of the term. This can be obtained by subtracting the principal value from the future value which we will solve for.
The future value can be solved by using the following compound interest formula:
Let:
F = Future value
P = Principal value
r<span> = annual interest rate </span>
n<span> = number of times that interest is compounded per year</span>
t<span> = number of years</span>
F = P(1 + r/n)^nt
Substituting the given values:
F = 4250(1 + 0.1325/12)^(12*2)
F = 5531.54
Subtracting P from F:
Finance charge = 5531.54 - 4250 = 1281.54
Therefore the finance charge is $1,281.54
Answer:
Approximately 12.04 units.
Step-by-step explanation:
The find the distance between any two points, we can use the distance formula, which is:
We have the points (2,7) and (-6,-2). Let's let (2,7) be (x₁, y₁) and let's let (-6, -2) be (x₂, y₂). Substitute:
Subtract:
Square:
Add:
Approximate
So, the distance between (2,7) and (-6,-2) is approximately 12.04 units.
And we're done!
Answer:
I dont know yet give me a sec
Answer:
V = 0.512 m3
Step-by-step explanation:
If each side length is 0.8, then the volume is 0.512 m3
Answer:
(5 x + 4) (x - 1)
Step-by-step explanation:
Factor the following:
x (5 x + 4) - (5 x + 4)
Hint: | Pull a common factor out of x (5 x + 4) - (5 x + 4).
Factor 5 x + 4 out of x (5 x + 4) - (5 x + 4), resulting in (5 x + 4) (x - 1):
Answer: (5 x + 4) (x - 1)
