if you have already covered slopes, you could also get it that way, in fact is simpler that way.
Determine for each number whether it is a rational or irrational number.
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if you have already covered slopes, you could also get it that way, in fact is simpler that way.
1. Using "exact" interest, your charge will be
.. I = Prt
.. I = $855.28*0.154*(31/365)
.. I = $11.19
2. It will take 52.01 months to pay off the loan.
3. Your payment on 15,250 for 4 years will be $363.41. The effective interest rate that payment represents on a loan of $15,000 is 7.604%
4. Todd's monthly payments will be $409.06, so his total outlay will be
.. tax+license + down payment + loan repayment
.. = 1200 +1000 +48*409.06
.. ≈ $21,835
.. I = Prt
.. I = $855.28*0.154*(31/365)
.. I = $11.19
2. It will take 52.01 months to pay off the loan.
3. Your payment on 15,250 for 4 years will be $363.41. The effective interest rate that payment represents on a loan of $15,000 is 7.604%
4. Todd's monthly payments will be $409.06, so his total outlay will be
.. tax+license + down payment + loan repayment
.. = 1200 +1000 +48*409.06
.. ≈ $21,835