Answer:
22, 50, 106, 218
Step-by-step explanation:
Using the recursive formula with f(0) = 8
Substitute n = 1, 2, 3, 4 into the recursive formula and evaluate
f(1) = 2f(1-1) + 6 = 2f(0) + 6 = (2 × 8) + 6 = 16 + 6 = 22
f(2) = 2f(1) + 6 = (2 ×× 22) + 6 = 44 + 6 = 50
f(3) = 2f(2) + 6 = (2 × 50) + 6 = 100 + 6 = 106
f(4) = 2f(3) + 6 = (2 × 106) + 6 = 212 + 6 = 218
Divide 100 to 56 = 56/100= 0.56 then you wanna times it by 50 so then it would be.56x50=28
The second option has a lower amount of interest paid.
In order to determine the loan option that minimizes loan payment, the future value of both loan options has to be determined.
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
<em><u>First loan option </u></em>
65000( 1 + 0.063/12)^300 = 312,707.21
<em><u>Second loan option </u></em>
65000( 1 + 0.048/12)^240 = 169,435.51
A similar question was answered here: brainly.com/question/23082103
Can you post a picture of the question?
Answer:
1
Step-by-step explanation:
Ok, so the third and fourth don't seem right. I am going to assume it's either 1 or 2. Sorry if you get it wrong because of me.
