Answer:
696.91
Step-by-step explanation:
≈ 696.91
Answer:
The Question isn't clear
Step-by-step explanation:
Answer:
The common ratio r = 2.
Step-by-step explanation:
Now s2 = a1r and s4 = a1r^3 where a1 = first term and r = common ratio so
s4 / s2 = a1r^3 / a1r = r^2 = 32/8
r^2 = 4
r = 2.
Answer:
$3,799.20
Step-by-step explanation:
We presume your formula is intended to be ...
M = Pm(1 + m)^(na)/((1 + m)^(na) - 1)
where M is the monthly payment, m is the monthly interest rate, n is 12, and a is the number of years.
This formula gives written below:
M = 3500·(.08/12)·(1 + (.08/12))^(12·2)/((1 + (.08/12))^(12·2) -1) ≈ 158.30
The total payback will be the sum of 24 of these payments is written below;
payback = 24×$158.30 = $3,799.20
