3/1 is the slope............,
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:
Step-by-step explanation:
473.89/12= $39.49083 or $39.50 a month
About 667 miles, by using the Pythagorean Theorem a^2 plus b^2 = c^2 the c in this equation if the distance so once u find it you end up with 667 miles
Answer:
225 thousand.
Step-by-step explanation:
You are dividing the number in half every time.
