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:
7627.36
Step-by-step explanation:
95342 * 8% = 7627.36
Can you put it in any form instead of a point so I can correctly plot it in
the answer is C, because you solve 2.815-749, and after you divide the result per 4, so it is 1/4
9514 1404 393
Answer:
(a) y = −50x + 250
Step-by-step explanation:
In case you don't realize that the graph starts at 250 and decreases by 50 for each increase of 1 in x, you can see if any of the equations match the given points. The only one that does is the first one:
y = -50x +250
