Given:
P = $8000, the principal
r = 5.99% = 0.0599, the interest rate
t = 60 months = 5 years, the duration
Assume n = 12, monthly compounding.
n*t = 12*5 = 60
r/n = 0.0599/12 = 0.004992
The total value of the loan is
A = P(1 + r/n)⁶⁰
= 8000(1.004992)⁶⁰
= 10785.434
Monthly payment = 10785.434/60 = $179.76
Answer: $179.46
It’s already in standard form
Answer:
175
Step-by-step explanation:
multiply the number of pieces by the number of bags he bought
I was working on it until I saw it was only 5 points. Sorry bro
