Answer:
$1,127.86
Step-by-step explanation:
The amortization formula is ...
A = Pr/(1 -(1+r)^-n)
where A is the payment amount, P is the principal amount, r is the interest rate per period, and n is the number of periods.
Here, we have P=$16,231, r=0.051/4=0.01275, n=4·4=16.
So, the payment is ...
A = $16,231·0.01275/(1 -1.01275^-16) = $1,127.86
The quarterly payment amount is $1,127.86.
Do 2/3 and multiply the numerator and denominator by 3 (so the denominator will be 9) and u will get 6/9
:)
Answer:
The total compound interest is $3,488.50, I hope I helped explain how to find total compound interest
Step-by-step explanation:
So the formula for this would be:
A = P(1+r/n)^nt
A = the amount of your principal plus interest, which is the total
P = stands for the principal, which is your original amount invested
r = shows the interest rate in decimal form
n = stands for the number of compounding periods
So to solve for the compound interest we would plug in our numbers in replacement for the letters
Sqrt 11 is approximately 3.31662479036
So make a line from about -5 to 5 and just estimate where that could be, between the numbers 3 and 4, make sure you mark that that is sqrt 11
In math for we have:
2x-2=x+64
which turns into:
x=66
(subtract x from right) & (add two from left)
