Step-by-step explanation:
You have $7,000 in your savings account gaining 4% interest per year. If you don't replace the $800 in the savings account
Answer:
id say its C but I'm not sure
2/4
simplify by doing
2/4=2/2 times 1/2
and remember that 2/2=1 so
2/4=1 times 1/2
and 1 times anyting is the same so
2/4=1/2
notice that we just divided the top and botttom number by 2
answer is 1/2
Answer:
The correct option is B,N-240;1% = 5.6; PV=-205000; PMT=;FV=0;P/Y=12; C/Y=12;
PMT: END
Step-by-step explanation:
The compounding is done monthly which is means that the number of periods for which the compounding is carried is the number of months in twenty years,which is 20*12=240
Only options B and C have N as 240.
The present worth of the loan ,which is the amount of loan is $205,000
Option B has PV=-$205,000
Option C has PV =$0
Ultimately option B which stated the loan amount correctly is the right answer.
Also,the future value of the loan is unknown,hence option B has it as $0-unknown while option C stated it as -$205,000,which effectively means that the PV was used as FV
