Answer:-2,-3
Step-by-step explanation:
Answer:
F = $13,802.31
she can finance $13,802.31 with this loan.
Step-by-step explanation:
Given;
Rate r = 7% = 0.07
Time t = 4 years
Payment per month MP = $250
Number of months per year n = 12
This can be solved using compound interest for future value series formula;
F = future value
F = MP(((1 + r/n)^(nt) - 1)/(r/n))
Substituting the given values, we have;
F = $250(((1 + 0.07/12)^(12×4) - 1)/(0.07/12))
F = $13,802.31
Answer:
It's number three, I'm sure.
Step-by-step explanation:
I'm guessing the series is supposed to be
By the ratio test, the series converges if the following limit is less than 1.
The first
terms in the numerator's denominator cancel with the denominator's denominator:
also cancels out and the remaining factor of
can be pulled out of the limit (as it doesn't depend on
).
which means the series converges everywhere (independently of
), and so the radius of convergence is infinite.