Answer:
The radius is:
Step-by-step explanation:
The equation of a circle in center-radius form is:
Where the center is at the point (h, k) and the radius is "r".
So, given the equation of the circle:
You can identify that:
Then, solving for "r", you get that the radius of this circle is:
Answer:
The amount needed to pay off the loan after 4 years is $70,192
Step-by-step explanation:
When interest is compounded annually, total amount A after t years is given by:
where P is the initial amount (principal), r is the rate and t is time in years.
From the question:
P = $60,000
r = 4% = 0.04
t = 4
The amount needed to pay off the loan after 4 years is $70,192
If we divide the amount by four, we will get the amount that is paid yearly (70192/4 = 17548). $17,548 is paid yearly.