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irakobra [83]
3 years ago
9

8,902 to the nearest thousand

Mathematics
2 answers:
7nadin3 [17]3 years ago
5 0

Answer:

9,000

Step-by-step explanation:

Bess [88]3 years ago
3 0
Answer: 9000

Reason: If any number after the thousands place (in this situation) is greater than 5 you round.
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Fred invests $3000 at 4.23% compounded quarterly for 3 years. How much
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One-third the sum of 6 and 3
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Find the area of the shape below. All measurements are in miles.
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2 years ago
Find the payment necessary to amortize a 6.3% loan of 7500 compounded semiannually, with 6 semiannual payments. Find the payment
Lorico [155]

Answer:

Semiannual payment = $ 1391.37

Total payment = $ 8348.22

Interest paid =  $ 848.22

Step-by-step explanation:

Since, the semiannual payment formula of a loan,

P=\frac{PV(\frac{r}{2})}{1-(1+\frac{r}{2})^{-n}}

Where,

PV = present value of the loan,

n = number of semiannual payments,

r = annual rate,

Here, PV = 7500, r = 6.3% =0.063, n = 6,

By substituting the value,

The semiannual payment would be,

P=\frac{7500(\frac{0.063}{2})}{1-(1+\frac{0.063}{2})^{-6}}

\approx \$ 1391.37

Also, total payment = semiannual payment × total semiannual periods

= 1391.37 × 6

= $ 8348.22,

Also, the interest paid = total payment - present value

= 8348.22 - 7500

= $ 848.22

6 0
3 years ago
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