Answer: the monthly payment is $379.1
Step-by-step explanation:
The balance to be paid would be
7300 - 1000 = $6300
We would apply the periodic interest rate formula which is expressed as
P = a/[{(1+r)^n]-1}/{r(1+r)^n}]
Where
P represents the monthly payments.
a represents the amount to be paid
r represents the annual rate.
n represents number of monthly payments. Therefore
a = $6300
r = 0.1/12 = 0.0083
n = 12 × 1.5 = 18
Therefore,
P = 6300/[{(1+0.0083)^18]-1}/{0.0083(1+0.0083)^18}]
6300/[{(1.0083)^18]-1}/{0.0083(1.0083)^36}]
P = 6300/{1.16 -1}/[0.0083(1.16)]
P = 6300/(0.16/0.009628)
P = 6300/16.618
P = $379.1
Answer:
1/2 so A
Step-by-step explanation:
The others are actual ratios you cant be able to determine what is that ratio and this means it may not even be a ratio in standards in that process.
Answer:
76.32
Step-by-step explanation:
Answer:
b - f(x) = x - 1
Step-by-step explanation:
Your slope is represented in front of the x-value in a slope-intercept form equation, which in this case needs to be one. The slope is the change in y over change in x values, but when the change is the same the slope will be one. This is why b is the correct answer because your slope is one, but because it is one you don't need to write down one in front of the x (anything times one will be equal to itself).