Assuming monthly payment of $250, which implies APR=0.01*12=0.12.
If it is different, please specify.
target P=20000,
A=250
n=to be determined such that P>=target P=20000
The annuity equation with given (monthly) payment is given by
P=250(P/A,i,n)
=A((1+i)^n-1)/(i(1+i)^n)
=250(1.01^n-1)/(0.01(1.01)^n)
=25000(1.01^n-1)/(1.01^n)
Solve for n by trial and error,
Rewrite
20000<=25000(1-1/1.01^n)
=>
1.01^n>=25000/20000=1.25
Take log on both sides,
n*log(1.01)>=log(5)
n>=log(5)/log(1.01)=161. 75
=> n=162 (next integer)
Check:
P=250(P/A,0.01,162)=250*(1.01^162-1)/(.01*1.01^162)=20012.56 ok.
Answer:
48/100
Step-by-step explanation:
2/10 equals 20/100=Tommy
28/100=Billy
The answer is b because you have to count the squares
Answer:
the anser is 0
this is an additive inverse property.
Step-by-step explanation:
Answer:
4 in.
Step-by-step explanation:
By definition of a equilateral triangle, all sides and interior angle measurements are congruent.
Essentially, all interior angles = 60°
By definition of a triangle, a triangle has 3 sides. It is given that the total measurement of the sides is 12. Divide 12 with 3: 12/3 = 4
4 inches is the side length.
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