<span>The owner of a automobile repair center purchased new electronic diagnostic equipment for $12000. He paid 10 pERcent down and then paid 60 pAYMENTS monthly of $203.81.
Net loan, P=12000*0.9=10800
Monthly payment, A=203.81
Number of payments, n=60
Let i=APR
A=P(i/12*(1+i/12)^n)/((1+i/12)^n-1)
Substituting values
203.81=10800(i/12*(1+i/12)^60)/((1+i/12)^n-1)
=>
12*203.81/10800=i(1+i/12)^60/((1+i/12)^60-1)
To solve for i, we form the iterative equation:
</span>(1+i/12)^60=(12*203.81/10800)/i*((1+i/12)^60-1)
i=12*(12*203.81/10800*((1+i/12)^60-1)/i)^(1/60-1)
try i=0.05,
f(0.05)=0.05
Therefore the APR is 5%
Answer:
Step-by-step explanation:
=
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11/18 is greater than ( > ) 5/9
Answer:
D. DE = 24 yd, EF = 10 yd
Step-by-step explanation:
Solve for the unknown angles by setting up common ratios and cross multiplying. You can use this method because they are similar triangles.
For example, DE can be found by setting the ratios of AC/AB equal to the ratio of DF/DE.
13/12 = 26/x
Simply solve for x!
Answer:
8 × 4.52 = 36.16
Step-by-step explanation:
We have given expression:
8 × 4.52
We have to find the product of expression.
8 × 4.52
8 × 4.52 = 36.16
36.16 is the product of the given expression.
We completed our question.
