132.55=5(.04m+2+.7+0.1(21.7))>>>m=66
Answer:
12000(1+.04)^x
Step-by-step explanation:
12000(1+.04)^x
The borrower owes $14,760.82 at the end of 8 years
What is compounding interest?
Compounding interest means that earlier interest would earn more interest in the future alongside the loan principal.
Note that in this case the loan continues to accumulate interest because there no repayments, in other words, the loan balance after 8 years, which comprises of the principal and interest for 8 years can be computed using the future value formula of a single cash flow(the single cash flow is the principal) as shown thus:
FV=PV*(1+r/n)^(n*t)
FV=loan balance after 8 years=unknown
PV=loan amount=$5,000
r=annual interest=14%
n=number of times in a year that interest is compounded=2(twice a year)
t=loan period=8 years
FV=$5000*(1+14%/2)^(2*8)
FV=$5000*(1.07)^16
FV=$5000*2.95216374856541
FV=loan balance after 8 years=$14,760.82
Find out more about semiannual compounding on:brainly.com/question/7219541.
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<u>Answer:</u>
40%
<u>Step-by-step explanation:</u>
We are given that last month, Joe's puppy weight 5.4 pounds while this month, the puppy weighed 7.56 pounds.
We are to find the percentage increase of the weight of the puppy
We know that the formula of percentage increase if given by:
<em>Percentage increase = (new value - initial value)/initial value × 100</em>
So substituting the given values to get:
Percentage increase in puppy's weight = 
= 40%
Answer:
19.1 miles
Step-by-step explanation:
The situation given represents a right triangle.
Thus, we would use trigonometric function to find how far north the boat travelled.
Let's represent how far the boat travelled north with "x".
Thus:
Reference angle = 23°
Opposite = x
Adjacent = 45 miles
Apply TOA:
Tan 23° = Opp/Adj
Tan 23° = x/45
Multiply both sides by 45
45 × Tan 23° = x
x = 45 × Tan 23°
x = 19.1013667
x = 19.1 miles (nearest tenth of a mile)
