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 = $18.16
The question is asking for the amount of minutes Grant can possibly use in a month. So to <span>algebraically express this, the equation, </span>0.10 m+5=$ sums it up.
Answer:
1
Step-by-step explanation:
To get the GCF of 44 and 47, factor each value,then we choose copies of factors and multiply them.
It is 12 because there are 180 degrees in a set of supplementary angles and 12 times 10 equals 120, plus 60 equals 180.
