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
The answer is (-7.5, -7.5)
Answer:
B
Step-by-step explanation:
Because i did this problem
Answer:
For #1, 8.9.
Step-by-step explanation:
I can attempt to answer it, but I can't promise anything.
Alright, so, the equation for this should be A²+B²=C²
C is usually the longer side, which for you is the side that is missing.
Let's try the first one. If what I see is right, the 2 sides are 4 and 8. A is 8 and B is 4.
That means that the equation would be 8²+4²=C²
That would be 64+16=80
The equation is now 80= c²
The opposite of "to the power of 2" is a square root. So, now you're going to find the square root of 80, which is 8.9 to the nearest tenth.
So, for the first question, the answer should be 8.9
I hope this helps you solve the rest.
