Annabelle invested $5,900 in an account paying an interest rate of 2% compounded continuously. Assuming no deposits or withdrawa
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The present value (PV) of a loan for n years at r% compounded t times a year where there is equal P periodic payments is given by:
Given that <span>Beth is taking out a loan of PV = $50,000 to purchase a new home for n = 25 years at an interest rate of r = 14.25%. Since she is making the payment monthly, t = 12.
Her monthly payment is given by:
Therefore, her monthly payment is about $611.50
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Given that <span>Beth is taking out a loan of PV = $50,000 to purchase a new home for n = 25 years at an interest rate of r = 14.25%. Since she is making the payment monthly, t = 12.
Her monthly payment is given by:
Therefore, her monthly payment is about $611.50
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The graph of the equations was plotted using geogebra graphing and attached.
Let x represent the hours weightlifting and y represent the hours doing cardio exercises.
Since he spend a maximum of 20 hours, hence:
x + y ≤ 20 (1)
Also, he spends at least 8 of those hours weightlifting, hence:
x ≥ 8 (2)
He wants to spend no more than 15 hours doing cardio exercises, this is:
y ≤ 15 (3)
The graph of the equations was plotted using geogebra graphing and attached.
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