Present value of annuity PV = P(1 - (1 + r/t)^-nt) / (r/t)
where: p is the monthly payment, r is the APR = 14.12% = 0.1412, t is the number of payments in one year = 12, n is the number of years = 2.
1,120.87 = P(1 - (1 + 0.1412/12)^(-2 x 12)) / (0.1412 / 12)
0.1412(1120.87) = 12P(1 - (1 + 0.1412/12)^-24)
P = 0.1412(1120.87) / 12(1 - (1 + 0.1412/12)^-24) = $53.88
Minimum monthly payment = 3.15% of 1120.87(1 + 0.1412/12) = 0.0315 x 1120.87(1 + 0.1412/12) = $35.72
Therefore, his first payment will be greater than the minimum payment by 53.88 - 35.72 = $18.16
Answer: $1.20
Step-by-step explanation:
Rounded up to $1.20 after tax
Let's solve for h
hx = 0.5x - 9
Step 1: Divide both sides by x.
hx/x = 0.5x - 9/ x
Answer = h = 0.5x - 9/ x
Answer:
(1, 3) and (4,0)
Step-by-step explanation:
The quadratic function is 
We can rewrite in the form 
The graph is obtained by shifting the parent quadratic function 3 units right and 1 unit down to obtain the parabola shown in the attachment.
The straight line also have equation 
The slope is -1 and y-intercept is 4.
We can easily graph this straight line on the same graph as shown in the attachment.
The two graphs intersected at (4,0) and (1,3).
The solution set is therefore {(x,y)|x=4,y=0 or x=1,y=3}
Answer:
y = 1/3x - 10/3
Step-by-step explanation:
Perpendicular lines have slopes that are negative reciprocals of one another so m = -1/3
Given (-1,-3)
y = mx + b
-3 = -1/3(-1) + b
-9/3 = 1/3 + b
b = -10/3
so y = 1/3x - 10/3
