The present worth of the loan is <span>$6,250
</span>The start of payment will after 4 years
The nominal interest rate is 6.1% compounded monthly which is equal to 6.27% effective.
The future worth (after graduation) of the loan is
F = <span>$6,250 (1 + 0.0627)^4 = $7,971.18
The interest is
</span>$7,971.18 - $6,250 = $1,721.18
I didn't round off when solving these so it's not the exact answer among the choices but the closest is letter B <span>$1,722.22</span>
This is an linear equation, so
y=mx + b
m= money w=weeks
m= -20w +200
The correct answer is D. 36 x 1/9
When there is a negative exponent on a whole number:
4 ^-2
1/ 4 ^2 = 1b16
The opposite sides are equal in length.
Step-by-step explanation:
Opposite sides of a parallelogram must be congruent. This is a property of all parralelograms.