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Answer:
Alice: 20 coins, Ben: 16 coins, and Carlos: 4 coins.
Step-by-step explanation:
We know that the dive results in 40 gold coins.
We know that:
Alice: $7,600 Ben: $5,900 Carlos: $1,400.
So they have $ 14900 in total.
Now we will divide that money by 40.
So 1 gold coin costs $ 372.5. Now we will calculate how much they can get for the money they have.
We conclude that:
Alice: 20 coins, Ben: 16 coins, and Carlos: 4 coins.
Answer:
Monthly payments=$418.14
Total amount will be=down payment + 48×$418.14
$14000+$20070.84=$34070.84
Step-by-step explanation:
Loan payment per month=Amount to pay÷discount factor
Mathematically P=A÷D
where D is the discount factor calculated using the formula;
where i=periodic interest rate=annual rate divided by number of payment periods
A is the amount to pay after downpayment
P is the loan monthly payment amount
n=number of periodic payments=payments per year times number of years
⇒In this question you find the discount factor then divide the amount remaining to pay with the discount factor to get monthly payments
Given;
Cost of boat=$32000
Down payment=$14000
Loan to pay=$32000-$14000=$18000
Annual rate=5.5%=i=5.5%÷12=0.458%⇒0.00458
Periodic payments, n=4×12=48
Finding the discount factor D;
To get the amount to pay monthly divide the loan to pay with the discount factor
Monthly payments=$418.14
Total amount will be=down payment + 48×$418.14
$14000+$20070.84=$34070.84