Answer:
Step-by-step explanation:
its c
The function f(x) is shown in the graph is (a) an exponential function
<h3>How to determine the function type?</h3>
From the graph, we can see that:
- The function starts from a base
- It then increases, exponentially
Only exponential functions have the above features
Hence, the function f(x) is shown in the graph is (a) an exponential function
Read more about exponential function at:
brainly.com/question/2456547
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P=1560000
APR=5.6%
monthly interest, i=5.6%/12=7/1500 [fractions keep exact values]
R=1+i=1+7/1500
# of periods, n=30 years = 360 periods
monthly payment, A
A=PR^n(i)/(R^n-1)
=1560000*(1+7/1500)^360*(7/1500)/((1+7/1500)^360-1)
=$8955.632
At the end of eight years,
number of periods, n1 = 8*12 = 96
If paid off at the end of 8 years, value of loan then
future value of principal
F1=PR^n1=1560000*(1+7/1500)^96=2439135.635
future value of payments
F2=A(R^n1-1)/i=8955.632*(1+7/1500)^96-1)/(7/1500)=1081485.620
Therefore the balloon payment
= future value of principal (owing) - future value of payments (paid)
=F1-F2
=2439135.635-1081485.620
=1357650.0152
Round to two places after decimal to get final answer.
Answer:
Dude this is algebra.
Step-by-step explanation:
If you have 90 students going on a trip and have a budget, (including a fee), of $542.94 you can subtract the fee from this total to find how much each students ticket costs. $542.94 - $45.82 = $497.12 and then divide that by 90 students to determine the ticket cost. $497.12 / 90 = $5.52333… or $5.52 per ticket.
