Answer: 189
All Steps and Information Found in Image.
Hope This Helped!
First find the total payments
Total paid
200×30=6,000 (this is the future value)
Second use the formula of the future value of annuity ordinary to find the monthly payment.
The formula is
Fv=pmt [(1+r/k)^(n)-1)÷(r/k)]
We need to solve for pmt
PMT=Fv÷[(1+r/k)^(n)-1)÷(r/k)]
PMT monthly payment?
Fv future value 6000
R interest rate 0.09
K compounded monthly 12
N=kt=12×(30months/12months)=30
PMT=6000÷(((1+0.09÷12)^(30)
−1)÷(0.09÷12))
=179.09 (this is the monthly payment)
Now use the formula of the present value of annuity ordinary to find the amount of his loan.
The formula is
Pv=pmt [(1-(1+r/k)^(-n))÷(r/k)]
Pv present value or the amount of his loan?
PMT monthly payment 179.09
R interest rate 0.09
N 30
K compounded monthly 12
Pv=179.09×((1−(1+0.09÷12)^(
−30))÷(0.09÷12))
=4,795.15
The answer is 4795.15
Answer:
8x + 4 - z
Step-by-step explanation:
Given the following :
The distance from her house to school is 2x+5 The distance from the school to the park is z If the total distance she was that day is 10x +9 how far is it from the park back to her
Distance from house to school = 2x + 5
Distance from school to park = z
Total distance covered = 10x + 9
Distance from park to house =?
Total distance = (distance from house to school + distance from school to park + distance from park to house)
Let p = distance from park to house
10x + 9 = (2x + 5 + z + p)
10x + 9 - 2x - 5 - z = p
8x + 4 - z
Given:
Speed limit on a highway is 110 km per hour.
Let x be the speed of the car in time 't'
time when taken for a car to travel 132km.
It takes minimum 1 hour 12 minutes
