AnswerSo first add then subtract 65
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:
DIVIDING 9 AND 5 = 23.8
9/5 FRACTION = 0.04
Step-by-step explanation:
If 9/5 means 9 divided by 5
FLIP THE EQUATION
9/5C + 32 = 75
9/5C + 32 - 32 = 75 -32
9/5C = 43
9/5 = 1.8
1.8C = 43
1.8C/1.8 = 4
If 9/5 means 9/5ths fraction
FLIP THE EQUATION
9/5C + 32 = 75
9/5C + 32 - 32 = 75 -32
9/5C = 43
9/5C / 9/5 = 43 / 9/5
C = 0.04
Hope this helps i thought 9/5 was 9 divide by 5. If it was 9/5 as a fraction i also made that equation too.
