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SOVA2 [1]
3 years ago
11

You borrow $7000 to help pay your college expenses. You agree to repay the loan at the end of 7 years at 9% interest, compounded

quarterly. (Round your answers to two decimal places.)
(a) What is the maturity value of the loan?
Mathematics
1 answer:
Snezhnost [94]3 years ago
5 0

Answer:

?

Step-by-step explanation:

So first, you need to multiply 7 by four to get the quarterly part of it, which will be 28. Then, multiply 9% (.9) by your 28 to get 25.2. Finally, multiply that by 7,000 to get 176,400...

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Ray Of Light [21]
If i’m not dumb i think it’s the last one
8 0
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What is the answer to this?
Jet001 [13]

The gradient of the given graph is 1.5

<h3>Calculating Gradient </h3>

From the question, we are to determine the gradient of the graph

Gradient is given by the formula

m = \frac{y_{2}-y_{1} }{x_{2}-x_{1} }

Where m is the gradient

Picking the points (-2, -2) and (2, 4) on the line

Then,

x₁ = -2

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Putting the parameters into the equation, we get

m = \frac{4--2}{2--2}

m = \frac{4+2}{2+2}

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Hence, the gradient of the given graph is 1.5

Learn more on Calculating gradient here: brainly.com/question/21806111

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7 0
2 years ago
What is 8/11 divided by 6/7
Radda [10]
8/11 divided by 6/7 is 28/33 Hope i helped.
8 0
3 years ago
A DEPOSIT OF $600 EARNS 2.5% INTEREST FOR 6 YEAR?
nlexa [21]

Answer: $73.80 in interest over a 6 year period

Step-by-step explanation:

600*0.0205= 12.30*6=73.80

3 0
3 years ago
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