Answer:
$144.70
Step-by-step explanation:
Calculation to determine how much greater will the amount of interest capitalized be than the minimum amount that she could pay to prevent interest capitalization
First step is to determine the Interest only monthly repayments
Using this formula
I=Prt
where,
P=$6925
r=0.05/1
t=1
Let plug in the formula
I=6925*0.05/12
I= $28.854166666
Second step is to determine the amount she will owe after 4 years
Using this formula
S=P(1+r)n
Let plug in the formula
S=6925*(1+0.05/12)4*12
S=6925*(1+0.05/12)48
S=$8454.70
Third step is to determine the Interest part
Interest =8454.70 - 6925
Interest = $1529.70
Now let determine the how much greater will the amount of interest capitalized be
Interest capitalized=1529.70 - 1385.00
Interest capitalized =$144.70
Therefore how much greater will the amount of interest capitalized be than the minimum amount that she could pay to prevent interest capitalization is $144.70
Answer: right
Step-by-step explanation:
I believe the answer is D. 1.121, 1.21, 1.432, 1.53
To compare these numbers, you must first put them into one format. Since you have mixed numbers, you may have to find and use the LCD.
-2.5, 1/5, 10, -12/4, 18/5, 10 could be simplified somewhat immediately:
-2.5, 1/5, 10, -3, (3 3/5) This set of numbers is simple enough so that you could rearrange them in ascending order mentally:
-3, -2.5, 1/5, (3 3/5), 10
In this case the number of elements in this set is odd, so all you have to do is to select the MIDDLE element: 1/5.
The median is 1/5.
You MUST learn this procedure (arranging the set elements in ascending order and selecting the middle element) so that you can apply it yourself.
