The present worth of the loan is <span>$6,250
</span>The start of payment will after 4 years
The nominal interest rate is 6.1% compounded monthly which is equal to 6.27% effective.
The future worth (after graduation) of the loan is
F = <span>$6,250 (1 + 0.0627)^4 = $7,971.18
The interest is
</span>$7,971.18 - $6,250 = $1,721.18
I didn't round off when solving these so it's not the exact answer among the choices but the closest is letter B <span>$1,722.22</span>
Answer: 1. x= -12 2. x= 12
Step-by-step explanation:
1. 5(+3)=−45
5x+15−15=−45−15
5x= -60
5x/5 = -60/5
x = -60/5
x= -12
2. 1x/2−4=2
x/2 -4=22−4+4=2+4
/2=6
2⋅2=2⋅6
x=2⋅6
x= 12
