Answer:
its 3 3/4 :)
Step-by-step explanation:
Take the square root on the other side and cancel them and your gonna silver for what you want
Hi there
First find the monthly payment of each offer to see which monthly payment is lower
The formula of the present value of annuity ordinary is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value
PMT monthly payment
R interest rate
K compounded monthly 12
N time
Solve the formula for PMT
PMT=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
Bank F
PMT=16,200÷((1−(1+0.057÷12)^(
−12×8))÷(0.057÷12))
=210.53
Bank G
PMT=16,200÷((1−(1+0.062÷12)^(
−12×7))÷(0.062÷12))
=238.21
From the above the monthly payment of bank f is lower than the bank g
And since the lifetime of bank g is lower than bank f the answer is
b. Yvette should choose Bank F’s loan if she cares more about lower monthly payments, and she should choose Bank G’s loan if she cares more about the lowest lifetime cost.
Good luck!
What you want to do here is take this information and plug it into point-slope form. any time you're given a point and a slope, you generally want to plug it into this equation: y - y1 = m(x - x1).
in this equation, m is your slope and (x1, y1) is a given point. plug in your info--slope of -3 and (-5, 2).
y - 2 = -3(x + 5)
that is the equation of your line. however, if you want to graph it, this doesn't really make much sense to you. convert it to slope-intercept form, y = mx + b, by solving for y.
y - 2 = -3(x + 5) ... distribute -3
y - 2 = -3x - 15 ... add 2
y = -3x - 13 is your equation.
to graph this, and any other y = mx + b equation, you want to start with your y-intercept if it's present. your y intercept here is -13, which means the line you wasn't to graph crosses the y-axis at y = -13, or (0, -13). put a point there.
after you've plotted that point, you use your slope to graph more. remember that your slope is "rise over run"--you rise up/go down however many units, you run left/right however many units. if your slope is -3, you want to go down 3 units, then go to the right 1 unit. remember that whole numbers have a 1 beneath them as a fraction. -3/1 is your rise over 1.
