The median of his steps will be five thousand
Hi there
First find the monthly payment of each offer to see which monthly payment is lower
The formula of the present value of annuity ordinary is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value
PMT monthly payment
R interest rate
K compounded monthly 12
N time
Solve the formula for PMT
PMT=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
Bank F
PMT=16,200÷((1−(1+0.057÷12)^(
−12×8))÷(0.057÷12))
=210.53
Bank G
PMT=16,200÷((1−(1+0.062÷12)^(
−12×7))÷(0.062÷12))
=238.21
From the above the monthly payment of bank f is lower than the bank g
And since the lifetime of bank g is lower than bank f the answer is
b. Yvette should choose Bank F’s loan if she cares more about lower monthly payments, and she should choose Bank G’s loan if she cares more about the lowest lifetime cost.
Good luck!
Answer: 18
Step-by-step explanation:
The least common denominator of 
and 
is going to be a multiple of 9 and 6. Let us list them out:
9: 9, <u>18</u>, 27, 36, 45, 54, 63, 72, 81, 90
6: 6, 12, <u>18</u>, 24, 30, 36, 42, 28, 54, 60
You can see I bolded and underlined 18. Why? This is the first common multiple of 9 and 6 so it is our least common denominator (LCD).
Answer:
448 fl oz
Step-by-step explanation:
there are 7 days in a week. 4*7 is 28
28 pints to ounces is 448 fl oz
Answer: The required probability is 0.615.
Step-by-step explanation:
Let A be the event that a product receives good reviews.
Let E₁ be the event that the product is highly successful.
Let E₂ be the event that the product is moderately successful.
Let E₃ be the event that the product is poor.
(a) What is the probability that a product attains a good review.
So, it becomes,
Hence, the required probability is 0.615.
