The present worth of the loan is <span>$6,250
</span>The start of payment will after 4 years
The nominal interest rate is 6.1% compounded monthly which is equal to 6.27% effective.
The future worth (after graduation) of the loan is
F = <span>$6,250 (1 + 0.0627)^4 = $7,971.18
The interest is
</span>$7,971.18 - $6,250 = $1,721.18
I didn't round off when solving these so it's not the exact answer among the choices but the closest is letter B <span>$1,722.22</span>
Answer:
it's d it makes alot of sense and ik it's right
Answer: 1)
a combination
b permutation
c permutation
d permutation
2)
B coz 6 and 11 is the only combination which can have 462 possibilities as they r both factors of 462
Answer:
0.1338 to the nearest ten thousandth.
Step-by-step explanation:
40 / 299
= 0.1337792642
