Given:
PV = 13,440
i = 5.86% , compounded monthly
t = 4 years
13,440(0.0586/12))/(1-(1+0.0586/12)^-48= 15,109.44
15,109.44 + 156.60 = 15,266.04
15,266.04 - 13,440.00 = 1,826.04
<span>1,826.04/15,266.04 = 11.96 % Percentage total of Finance Charge of the total loa</span>
Answer:
Step-by-step explanation:
In a geometric sequence, consecutive terms differ by a common ratio. The formula for determining the nth term of a geometric progression is expressed as
an = a1r^(n - 1)
Where
a represents the first term of the sequence.
r represents the common ratio.
n represents the number of terms.
From the given sequence,
a1 = - 5
r = 15/- 5 = - 3
Therefore, the explicit rule for this sequence is
an = - 5(- 3)^n - 1
Letter C is correct.
When the function is even, (all powers are even) both ends will go in the same direction.
In this case since the leading coefficient is negative, both ends will go down.
