The anwser of your problem is 2536 do you need an explanation
In an installment loan, a lender loans a borrower a principal amount P, on which the borrower will pay a yearly interest rate of i (as a fraction, e.g. a rate of 6% would correspond to i=0.06) for n years. The borrower pays a fixed amount M to the lender q times per year. At the end of the n years, the last payment by the borrower pays off the loan.
After k payments, the amount A still owed is
<span>A = P(1+[i/q])k - Mq([1+(i/q)]k-1)/i,
= (P-Mq/i)(1+[i/q])k + Mq/i.
</span>The amount of the fixed payment is determined by<span>M = Pi/[q(1-[1+(i/q)]-nq)].
</span>The amount of principal that can be paid off in n years is<span>P = M(1-[1+(i/q)]-nq)q/i.
</span>The number of years needed to pay off the loan isn = -log(1-[Pi/(Mq)])/(q log[1+(i/q)]).
The total amount paid by the borrower is Mnq, and the total amount of interest paid is<span>I = Mnq - P.</span>
Answer: 7/8 + 4/8 = Exact form- 11/8
Decimal form- 1.375
17/25 - 9/25 = Exact form- 8/25
Decimal form- 0.32
63/46 - 81/46 = Exact form- -9/23
Step-by-step explanation: Hope this helped.
Answer: the answer is letter A
Step-by-step explanation:
Answer:
x=16, y=-4
Step-by-step explanation:
-1(x-y=12)
x+7y=-20
-x+y=-12
x+7y=-20
8y=-32
y=-4
x-4=12
x=16
