First we need to calculate the monthly payment to repay the loan using the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r/k)^(-n))÷(r/k)]
PV the amount of the loan 4250
PMT monthly payment?
R interest rate 0.1325
K compounded monthly 12
N time 24 months
Solve the formula for PMT to get
PMT=pv÷ [(1-(1+r/k)^(-n))÷(r/k)]
PMT=4,250÷((1−(1+0.1325÷12)^(−24))÷(0.1325÷12))=202.55
Now to find the total finance charge use the formula of
Total finance charge=monthly payment×number of months-the amount of the loan
Total finance charge=
202.55×24−4,250=611.2
So the answer is 611.2
Hope it helps!
Answer:
4x
Step-by-step explanation:
Answer:
Answer is 8/m-8
Step-by-step explanation:
Divide each equation carefully.
Answer:
D. -4
Step-by-step explanation:
the only graph I see is a red line in a coordinate grid.
this red line represents the function y = -4, for x in the interval [-1,4].
so, [-1,4] is the domain of the function, and [-4] is the range of the function.
when the question asks about what values are graphed below, and it mentions "range", I assume it means functional values (results of the function).
the only function I can see is the mentioned constant function y=-4, so that -4 is the only functional value (the only value in the range of the function) in this graphic.
