This question can be approached using the present value of annuity formula. The present value of annuity is given by
, where: PV is the present value/amount of the loan, P is the periodic (monthly in this case) payment, r is the APR, t is the number of payments in one year and n is the number of years.
Given that the<span> financing is for a new road bike of $2,500 and that the bike shop offers a 13.5% APR for a 24 month loan.
Thus, PV = $2,500; r = 13.5% = 0.135; t = 12 payments (since payment is made monthly); n = 2 years (i.e. 24 months)
Thus,
</span>
<span>
Therefore, his monthly payment is $119.44</span>
Answer:
No its not
Step-by-step explanation:
Answer:
1.1995
2.114.4
3.270
Step-by-step explanation:
1. Multiply the length and width
2. Multiply 14.3*8
3. Multiply 15*36 and divide the product by 2
to find the area of a rectangle, multiplty length times width
for the area of a triangle, multiply the bottom of the triangle by the height and divide it by 2.
Answer:
A:1
B:1/16
C:1/256
D:1
E:4/9
F:16/81
Step-by-step explanation:
Hope this helps
Answer:
Domain: (-∞, ∞)
General Formulas and Concepts:
<u>Algebra I</u>
- Domain is the set of x-values that can be inputted into function f(x)
Step-by-step explanation:
According the the graph, we see that our x-values are spanning forever in both directions. Therefore our domain is:
(-∞, ∞) or -∞ < x < ∞