Answer:
Step-by-step explanation:
<u>Given</u>
- Monthly payment P = $300
- Time t = 3 years = 36 months
- Number of payments n = 36
- Interest rate r = 12% PA = 1% per month = 0.01 times
<u>Use loan payment formula:</u>
- P = r(PV) / (1 - (1 + r)⁻ⁿ),
- where P- monthly payment, PV - present value (amount of the loan), r -rate of interest, n- number of payments
<u>Substitute values and solve for PV:</u>
- 300 = (0.01*PV) / (1 - (1 + 0.01)⁻³⁶)
- PV = 300*(1 - 1.01⁻³⁶ )/ 0.01
- PV = 9032.25 ≈ $9000 (rounded to the nearest hundred dollars)
Answer:
D
Step-by-step explanation:
When multiplying numbers with the same base but different exponents, add the exponents together.
Answer:
Step-by-step explanation:
0.00048*.81=0.0003888
0.0003888*10=0.003888
0.003888*(10)=0.3888
0.3888-7=-6.6112
-6.6112*0.027=-224.8592593
-224.8592593*0.04= -9.794370372
-9.794370372*(10)=-97.94370372
-97.94370372*6= -587.6622223
Answer:
B
Step-by-step explanation:
Because yes
This would be 2(6)^4 + 5*6
= 2592 + 30
= 2622 Answer
