He actually borrowed P=21349-3000=18349 (present value)
Assume the monthly interest is i.
then future value due to loan:
F1=P(1+i)^n=18349(1+i)^(5*12)=18349(1+i)^60
future value from monthly payment of A=352
F2=A((1+i)^n-1)/i=352((1+i)^60-1)/i
Since F1=F2 for the same loan, we have
18349(1+i)^60=352((1+i)^60-1)/i
Simplify notation by defining R=1+i, then
18349(R^60)-352(R^60-1)/(R-1)=0
Simplify further by multiplication by (R-1)
f(R)=18349*R^60*(R-1)-352(R^60-1)=0
Solve for R by trial and error, or by iteration to get R=1.004732
The APR is therefore
12*(1.004732-1)=0.056784, or 5.678% approx.
Answer:
I think you mean significant figures
Step-by-step explanation:
- 46000
- 32000
- 560000
- 14000
Step-by-step explanation:
The standard equation of a circle is 
Center = (h, k)
#1
Center = (0,2)
h = 0
k = 2
r = 5
#2
Center = (-4,-5)
h = -4
k = -5
r = 
#3
Center =(-1,3)
h = -1
k = 3
r = 8
#4
Center: (9,0)
h = 9
k = 0
r = 
Answer:
$9600.72
Step-by-step explanation:
Area of the field = length × width
Length = 1,021 feet
Width= 725 feet
Area of the field = length × width
= 1,021 feet × 725 feet
= 740,225 square feet
One bag covers 1000 square feet
There are 740,225 square feet
Find the number of bags that will cover the total of 740,225 square feet
Total bags = 740,225 / 10000
=740.225 bags
A bag cost $12.97
Total cost of 740.225 bags= 740.225 × 12.97
= $9600. 71825
Approximately
$9600.72
Answer:I think 16 6/9
Step-by-step explanation:
