Present value of annuity PV = P(1 - (1 + r/t)^-nt) / (r/t)
where: p is the monthly payment, r is the APR = 14.12% = 0.1412, t is the number of payments in one year = 12, n is the number of years = 2.
1,120.87 = P(1 - (1 + 0.1412/12)^(-2 x 12)) / (0.1412 / 12)
0.1412(1120.87) = 12P(1 - (1 + 0.1412/12)^-24)
P = 0.1412(1120.87) / 12(1 - (1 + 0.1412/12)^-24) = $53.88
Minimum monthly payment = 3.15% of 1120.87(1 + 0.1412/12) = 0.0315 x 1120.87(1 + 0.1412/12) = $35.72
Therefore, his first payment will be greater than the minimum payment by 53.88 - 35.72 = $18.16
3.14/5.71=0.18330414466 years
hope this hepls
Answer:
Step-by-step explanation:
The relationship is linear, so the plant grows the same amount each day.
The height on the 2nd day was 8 inches:
h₂ = 8
The height on the 7th day was 20.5 inches:
h₇ = h₂ + (7-2)d = 8 + 5d = 20.5
d = 2.5
The plant grows 2.5 inches each day.
Answer:
33.32
Step-by-step explanation:
<h2><u>can use cross multiplication </u></h2>
20 : 34
19.6 : x
20x = 19.6 * 34
20x = 666.4
x= 666.4/20
x=33.32
<u>area = 33.32 </u>
