Answer:
(1.2)
(2.1)
How do you subtract 25-2.65
2 answers:
You might be interested in
Answer:
see explanation
Step-by-step explanation:
Multiply both sides by 9 to eliminate the fraction
9K = 5(F + 459.67) ← divide both sides by 5
F + 459.67 = K ( subtract 459.67 from both sides )
F = K - 459.67
We have that every quarter, he will get an 0.8% interest rate. We also have that there will be 14*4=56 periods of repayment. We have that by the formula, if there are n periods and x% is the interest rate, the capital is multiplied by (100+x%)^n.
Suppose Micah invests x money. Then, we have that after 14 years, the capital available will be C=
. We have that C=18500$ and hence that 18500=x*1.562. Thus, solving for x we have that x=11841$.
Micah will need to invest only 11841$ in order to pay for his boat; this shows the importance of saving since he earns a lot of money, around 7k $.
Suppose Micah invests x money. Then, we have that after 14 years, the capital available will be C=
Micah will need to invest only 11841$ in order to pay for his boat; this shows the importance of saving since he earns a lot of money, around 7k $.