The group of values plugged into the TVM Solver of a graphing calculator that will return the amount of a 25-year loan with an APR of 16.8%, that is paid off with monthly payments of $340 is:
A. N=300; 1%-1.4; PV = PMT=-340; FV=0; P/Y=12; C/Y=12;PMT:END
What is monthly compounding?
Monthly compounding in this case the number of payments would be the number of monthly payments in 25 years, which is 300 monthly payments(i.e. 12*25=300), this means that options B and D are obviously incorrect because number of payments, N is given as 25( 25 years instead of 300 months)
What is monthly interest rate?
The monthly interest is the annual interest rate of 16.8% divided by 12, which is 1.40%, in short, option C is also wrong because I/Y(monthly interest rate) was as shown as an interest rate of 16.8% instead of 1.40%
Overall, the correct option is A, because the number of payments and interest rate were stated correctly, unlike other options that were incorrectly written
Find out about more about TVM Solver notations on:brainly.com/question/14586708
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The question is relating Rhonda's distance travelled and time taken
If 45 miles = 3 hours
Then, 1 mile = 3/45 hours
Therefore, it will take Rhonda 1/15 hours to travel 1 mile.
Answer:
x = 13
Step-by-step explanation:
This question is based on Secant Secant theorem.
Secant Secant theorem gives us the following formula:
(AB + BD)AB = (AC + CE).AC
From the above question we have the following parameters
AB = 5
BD = x
AC = 7.5
CE = 4.5
Hence,
(AB + BD)AB = (AC + CE).AC
(5 + x)5 = (7.5 + 4.5)7.5
25 + 5x = 90
Collect like terms
5x = 90 - 25
5x = 65
x = 65/5
x = 13
Answer: the value of the account after 6 years is $101559.96
Step-by-step explanation:
If $64,000 is invested in an IRA account, then
Principal = $64,000
So P = 64,000
The rate at which $64000 was compounded is 8%
So r = 8/100 = 0.08
If it is compounded once in a year, this means that it is compounded annually (and not semi annually, quarterly or others). So
n = 1
We want to determine the value of the account after 6 years, this means
time, t = 6
Applying the compound interest formula,
A = P(1 + r/n)^nt
A = amount after n number of years
A = 64000( 1 + 0.08/1)^1×6
A = 64000(1.08)^6
A= 64000×1.58687432294
A= 101559.956668416
Approximately $101559.96 to 2 decimal places
The points which represents the vertices of the given equation are; (15, −2) and (−1, −2).
<h3>Which points among the answer choices represents the vertices of the ellipse whose equation is given?</h3>
The complete question gives the equation of the ellipse as; (x-7)²/64+(y+2)²/9=1.
Since, It follows from convention that general equation of ellipse with centre as (h, k) takes the form;
(x-h)²/a² +(y-k)²/b² = 1.
Consequently, it follows from observation that the value of a and b in the given equation in the task content is; √64 = 8 and √9 = 3 respectively.
Since, 8 > 3, The vertices of the ellipse are given by; (h±a, k).
The vertices in this scenario are therefore;
(7+8, -2) and (7-8, -2).
= (15, -2) and (-1, -2).
Read more on vertices of an ellipse;
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