URGENT!! I NEED HELP ASAP NOT ROCKY
1 answer:
Answer:
Step-by-step explanation:
<u>Given</u>
- Monthly payment P = $300
- Time t = 3 years = 36 months
- Number of payments n = 36
- Interest rate r = 12% PA = 1% per month = 0.01 times
<u>Use loan payment formula:</u>
- P = r(PV) / (1 - (1 + r)⁻ⁿ),
- where P- monthly payment, PV - present value (amount of the loan), r -rate of interest, n- number of payments
<u>Substitute values and solve for PV:</u>
- 300 = (0.01*PV) / (1 - (1 + 0.01)⁻³⁶)
- PV = 300*(1 - 1.01⁻³⁶ )/ 0.01
- PV = 9032.25 ≈ $9000 (rounded to the nearest hundred dollars)
You might be interested in
Answer:
About 14.14
Step-by-step explanation:
V = 4/3pi x r^3
To find the radius, divide the diameter by 2 (1.5)
Substitute 1.5 in place of r and solve the equation.
Answer:
there arent any options but this is what i got
−
b
+
13
Step-by-step explanation:
Answer:
8500
Step-by-step explanation:
That's my answer and thats correct brainliest me please trust me
The answer is x=12. I hope this helps you out
Answer:
that a hard question
Step-by-step explanation:
i tried to use a calculator and graphs to solve it but I couldn't
