Answer:
Step-by-step explanation:
<u>Given</u>
- Monthly payment P = $300
- Time t = 3 years = 36 months
- Number of payments n = 36
- Interest rate r = 12% PA = 1% per month = 0.01 times
<u>Use loan payment formula:</u>
- P = r(PV) / (1 - (1 + r)⁻ⁿ),
- where P- monthly payment, PV - present value (amount of the loan), r -rate of interest, n- number of payments
<u>Substitute values and solve for PV:</u>
- 300 = (0.01*PV) / (1 - (1 + 0.01)⁻³⁶)
- PV = 300*(1 - 1.01⁻³⁶ )/ 0.01
- PV = 9032.25 ≈ $9000 (rounded to the nearest hundred dollars)
Answer:
0.2
Step-by-step explanation:
Multiply 4/5 and 1/4: Decimal form
.8 • .25
I simply divided by 100 and moved the decimal two places to the left.
If they are in the same line yes. If they aren't then its considered non-collinear.
Answer:
form x = 6 ± √14
Step-by-step explanation:
I used mw so I'm sorry if worng
