Answer:
The nominal annual interest rate is 15%.
The effective interest rate is 16.08%.
Step-by-step explanation:
$9,375 = $325 (P/A, i%, 36)(P/A, i%, 36)
= $9,375/$325= 28.846
From compound interest tables, i = 1.25%
Nominal Interest Rate= 1.25 x 12= 15%
Effective rate = (1+ (0.15/36))^36-1=1.004^36-1= 16.08%
Answer:
3781
Step-by-step explanation:
80 hours × $18=$1440 for labor. 1440+15%(1440×.15)=$216.00 + material cost=$2125
(2125.00+1440.00+216=3781)
Answer:
Absolute Value
Step-by-step explanation:
Absolute Value is very useful in finding the distance between two points on the number line. The distance between any two points a and b in the number line is
|a-b| or |b-a|.
Answer:
6
Step-by-step explanation:
6 divided by 4 = 1 + 2 leftover
6 divided by 5 = 1 + 1 leftover
The measure of BDA is 40 degrees
