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
60 miles an hour for 45 minutes = 45 miles
50 miles per hour for 30 minutes = 25 miles
Total =70 miles
Answer:
Thx have a great day :)
Step-by-step explanation:
1, a.) The two specific conjectures are in the first image.
1, b.) The two general conjectures are in the second image.
2, a.) Two specific conjectures for this pattern are:
- The common difference between two consecutive terms is 3.
- And the given difference is A.P.
2, b.) From our observation two general conjecture is that the given sequence is an arithmetic sequence and the common difference is 3.
For finding its nth term we can use the formula: a(n) = a + (n-1) x d.
2, c.) A formula for the given pattern is 5 + (n-1)3, where n is the number of the term.