Answer:
$21,623.70
Step-by-step explanation:
A suitable financial calculator can compute the beginning balance and the remaining balance for you. The attachments show a TI-Nspire calculator's TVM solver app being used to answer this question.
The first attachment shows the computation of the loan value. It is about $37,624.54.
The second attachment shows the computation of the remaining balance after 16 of the 32 semi-annual payments have been made.
The loan balance 8 years from the end of the loan will be about $21,623.70.
Answer:
(a) Arts take longer
(b) By 2/9 hours
Step-by-step explanation:
Given
Arts = four over nine hours
Maths = two over nine hours
Solving (a): Which takes longer?
First, represent both as fraction
Convert fraction to decimal
By comparison:
Hence, Arts take longer
Solving (b): How much longer?
To do this, we calculate the difference.
Take L.C.M