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Flura [38]
3 years ago
9

When a loan officer speaks to people about a loan for a certain principal, P, at a certain monthly rate, r, they always have to

balance two quantities, the monthly payment, m, with the number of payments, n, it takes to pay off the loan. These two vary inversely. All of these quantities can be related by the formula:
Mathematics
1 answer:
Ahat [919]3 years ago
6 0

Answer:

M= \frac{Pr}{1-(1+r)^{-n}}

Step-by-step explanation:

When you take a loan, the amount collected is referred to as the Principal(P).

The loan is given at a certain rate(r) in this case a Monthly Rate for a period of n months. The Monthly payment is denoted using M.

All these variables are related by the function:

M= \frac{Pr}{1-(1+r)^{-n}}

Note that if the rate is given as an Annual rate, we divide by 12 to get the monthly rate required.

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Mr. Atkins flies from Miami, Florida to Los Angeles, California. The trip is 7, 516 kilometers. He makes the trip 4 times a year
alex41 [277]

Answer:

30064, if round trip multiply by 2

Step-by-step explanation:

so this is just multiplication. I am not sure if its round trip, but if its not then its just the 7516 times 4= 30064

4 0
3 years ago
Choose as many answers as apply.
maksim [4K]
Alright, so let's go through each choice.

First off, a checking account is an account at a bank against which checks can be drawn by the account depositor. Or basically, where you can write checks to others.

First answer:

Most checking accounts pay interest on deposits.<span>
</span>True, most banks tend to pay interest on deposits. However, <span>some banks will require that you use direct deposit or maintain a minimum balance. </span>Interest-bearing checking<span>: With an </span>interest<span>-bearing </span>checking account<span>, you are </span>paid interest<span> on the money in your </span>account<span>.</span>

B. When you write a check the bank takes money from your account and pays it to the person who submits the check.

True, this should be a no-brainer. You're paying the person with a check.

C. The bank keeps track of how much money you have left in your account and sends you a statement each month. A charge is usually made for this service

True, this is with almost every bank account.

So, this should be all of the above.



3 0
3 years ago
How many squares are in view on the front, side, and top?
Hitman42 [59]
18 squares are visible and what do you mean by fill in the blanks??
4 0
3 years ago
Can i have help please
IgorLugansk [536]
(y + 1)^3 would just be dividing the two

If you want it completely simplified, then it’s the following:

(y + 1)(y + 1)(y + 1)

= y^2 + y + y + 1 (y + 1)

= y^2 + 2y + 1 (y + 1)

= y^3 + y^2 + 2y^2 + 2y + y + 1

= y^3 + 3y^2 + 3y + 1
7 0
3 years ago
Plz help me I will mark brainlest whoever answers with explanation​
levacccp [35]

Answer:

1. 3

2. -2.5+3= .5

3. <__________________>

-5 -4 -3 -2 -1 0 1 2 3 4 5

^ ^ ^

Step-by-step explanation:

When you add 3 to -2.5, the result is a positive .5. I wasn't sure what the number line meant, so I did my best

7 0
3 years ago
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