Answer:
$8511.11
Step-by-step explanation:
Each year, the amount Walter owes is multiplied by 1.06, so at the end of 6 years, Walter owes 1.06^6 times the amount he borrowed.
he will pay $6,000×1.06^6 ≈ $8511.11
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At the end of the first year, Walter owes the original loan amount plus 6% interest. That total is ...
$6000 + 0.06×6000 = $6000×1.06
At the end of the following year, he owes 1.06 times that amount, or ...
6000×1.06²
The amount owed is multiplied by 1.06 each year until Walter pays off the loan.
Yes and no. A negative number and it's opposite are 'integers.' Yes, a negative and a negative multiplied together give you a positive. The two negative signs cancel out making it positive. But no, a positive and a positive multiplied together do not give you a negative. When you subtract positive numbers you can get a negative, but not when multiplying. If you were to do a positive times a negative it would be negative because the positive can't cancel it out. Example: -3 · -3 = 9. [] 3 · 3 = 9. [] -3 · 3 = -9. Other than the positive number part, the statement is true about the negatives. I hope that helped!
Answer:
m = 1/3
Step-by-step explanation:
