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1 answer:
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Answer:
The solutions are x = -7, 6.
Step-by-step explanation:
To find the solutions, move everything to one side of the equation so the equation is equal to 0. Then factor. Set the factors equal to 0 and solve for x.
x+7 = 0
x = -7
and
x-6 = 0
x = 6
The solutions are x = -7, 6.
Answer:
future payment is $77056.92
total interest is paid after 45 year is $23056.42
Step-by-step explanation:
Given data
payment (P) = $100
No of installment (n) = 12
rate of interest ( r ) = 1.5 % i.e. = 0.015
time period (t) = 45 years
to find out
future payment and interest after 45 year
solution
we know future payment formula i.e. given below
future payment = payment ×
now put all these value in equation
future payment = $ 100 ×
future payment = $ 77056.92
payment paid in 45 year @ $100 total money is paid is 45 × 12 × $100 i.e. = $54000
total interest = future payment - money paid
total interest = $77056.42 - $54000
total interest = $23056.42