Answer:
The amount needed to pay off the loan after 4 years is $70,192
Step-by-step explanation:
When interest is compounded annually, total amount A after t years is given by:
where P is the initial amount (principal), r is the rate and t is time in years.
From the question:
P = $60,000
r = 4% = 0.04
t = 4
The amount needed to pay off the loan after 4 years is $70,192
If we divide the amount by four, we will get the amount that is paid yearly (70192/4 = 17548). $17,548 is paid yearly.
The slope will be -3/4
To find slope you just place the change in y over the change in x.
2- -1=3
0-4= -4
The slope is -3/4 which is the same as before
Which seven?
070,000,000 would be in the 10 millions
700,000,000 would be in the 100 millions
Answer:
Step 1 : Equation at the end of step 1 : (2x - 1) • (x + 7) = 0 Step 2 : Theory - Roots of a product : 2.1 A product of several terms equals zero. When a product of two or more terms equals zero, then at least one of the terms must be zero. We shall now solve each term = 0 separately
Step-by-step explanation:
Answer:
Step-by-step explanation:
4 to 24 = 1 to 6
