Step-by-step explanation:
1. secx / cscx
2. sinx /cosx
Jason and Pam recently bought a house. They financed the house with a $250,000, 30-year mortgage with a nominal interest rate of
1 answer:
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Answer:
Step-by-step explanation:
Use the inverse cosine function.
Answer:
P = $300
r = 0.15
n = 12
$544.61 (to the nearest cent)
$524.70 (to the nearest cent)
Step-by-step explanation:
P = principal amount = $300
r = annual interest rate in decimal form = 15% = 15/100 = 0.15
n = number of times interest is compounded per unit t = 12
<u>How much she'll owe in 4 years</u>
P = 300
r = 0.15
n = 12
t = 4
= $544.61 (to the nearest cent)
<u>Yearly compounding interest rate</u>
<u>How much she'll owe in 4 years at yearly compounding interest</u>
= $524.70 (to the nearest cent)