9514 1404 393
Answer:
$7641.24
Step-by-step explanation:
The amortization formula tells the payment amount.
A = P(r/n)/(1 -(1 +r/n)^(-nt))
where principal P is paid off in t years with n payments per year at interest rat r.
Using the given values, we find ...
A = $7000(0.165/12)/(1 -(1 +0.165/12)^-12) = $7000×0.01375/(1 -1.01375^-12)
A = $636.77
The total of 12 such payments is ...
$636.77 × 12 = $7641.24
You will pay a total of about $7641.24.
_____
<em>Additional comment</em>
Since the payment amount is rounded down, the actual payoff will be slightly more. Usually, the lender will round interest and principal to the nearest cent on each monthly statement. The final payment will likely be a few cents more than the monthly payment shown here.
Answer:
30 liters
Step-by-step explanation:
To me it's kind of like multiplying and dividing.
So, what I did was 30,000 divided by 30 and got 1,000.
1,000 x 30 = 30,000.
That's what I did. You probably have your own way of doing it, but the answer is 30. I'm sorry if my explanation isn't good enough but I tried. Thanks for the question and enjoy your answer :)
You are missing part of the question
Answer:
3.7hours
Step-by-step explanation:
Step one:
A car travels 360 miles in 8 hours
the speed is calculated as
speed= distance/time
speed= 360/8
speed= 45mph
Step two:
How much time will it take traveling 168 miles?
having found the speed, which is the rate at which the car is tavelling
time= distance/speed
time= 168/45
time= 3.7hours
Answer:
Step-by-step explanation:
<u>Pool:</u>
Width = x ft
Length = (x+6) ft
<u>Pool along with walkway:</u>
Width = x + 5 + 5 = (x + 10) ft
Length = x + 6 + 5 + 5 = (x + 16) ft
Total area of the pool with walkway = 950 sq.ft
length * width = 950
(x+16) * (x + 10) = 950
Use FOIL method,
x*x + x *10 + 16*x + 16 *10 = 950
x² + 10x + 16x + 160 -950 = 0 {Add like terms}
x² + 26x - 790 = 0
