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Alenkinab [10]
3 years ago
13

Bongeka purchased a new refrigerator and were expected to pay R1 684,00 five months ago and another R1 323,00 in eight months’ t

ime. She could not make the payment five months ago, but after receiving a bonus at work, she rescheduled to repay the loan in two equal payments, the first due in two months and the second due in five months’ time. The payment at month five will settle the debt, therefore, the settlement date is month five. The debts and payments are subject to the same interest rate of 11,4% per annum, compounded monthly.
Mathematics
1 answer:
Dmitriy789 [7]3 years ago
5 0

The discount factor computed shows that the value of each payment will be $1546.

<h3>How to calculate the payment?</h3>

The following can be deduced from the information:

Payment due in 5 months = $1684

Payment due in 8 months = $1323

Annual interest  = 11.40%

Monthly interest rate = 11.40%/12 = 0.95%

Present value of payment due 5 months ago = $1684 + (1 + 0.95%)⁵ = $1765.52

Present value of payment due 8 months ago = $1226.62

Total present value = $1765.52 + $1226.62 = $2992.14

After rescheduling, the payments will be in 2 months and 5 months.

Discount factor for payment due in 2 months = 0.9813

Discount factor for payment due in 5 months = 0.9538

Combined discount factors= 0.9360

Therefore, the value of each payment will be:

= $2992.14/(1 + 0.9360)

= $1546

Learn more about discount factor on:

brainly.com/question/24286983

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DENIUS [597]

(-3^3+2 · -2^2)^2-4^4

(-27+2 · -4)^2-4^4

(-27+(-8))^2-4^4

-35^2-4^4

1225-256

969

8 0
3 years ago
It takes Lucas 3 hours to cycle from his home to his friends village but if travels 5 mph slower, it will take him 1.5 hours lon
Alika [10]

The distance from friend's village to Lucas's house is 45 miles

Step-by-step explanation:

Lets assume the distance from Lucas home to friend's village is x miles

The time taken to cycle from Lucas home to friend's village is 3 hrs....t₁

The time taken if travelling at a 5 mph reduced speed is 1.5 hrs longer......t₂

t₂=4.5 hrs

t₁= 3 hrs

Speed for cycle in first instance, where t₁=3 hrs and distance is x miles

s₁=d/t = x/3 mph

Speed for cycle if travelling at a slower speed,

s=\frac{x}{3}-5

Time taken in the second instance when travelling at a slower speed

=\frac{x}{\frac{x}{3}-5 }=4.5\\ \\\frac{3x}{x-15} =4.5\\\\\\3x=4.5(x-15)\\\\3x=4.5x-67.5\\\\\\67.5=4.5x-3x\\\\\\67.5=1.5x\\\\\\67.5/1.5=x\\\\\\45=x

The distance from friend's village to Lucas's house is 45 miles

Learn More

Formula for speed:brainly.com/question/13664094

Keywords: cycle,home, village, travels,slower,longer

#LearnwithBrainly

6 0
3 years ago
Please help me :):)):):
Verdich [7]

Answer:

12

Step-by-step explanation:

5^2 + b^2 = 13^2

25 + b^2 = 169

169-25= 144

take the square root of 144

answer: 12

3 0
3 years ago
A random sample of 77 fields of corn has a mean yield of 26.226.2 bushels per acre and standard deviation of 2.322.32 bushels pe
PSYCHO15rus [73]

Answer:

Therefore the  95% confidence interval is (25,707.480 < E < 26,744.920)

Step-by-step explanation:

n = 77

mean u = 26,226.2  bushels per acre

standard deviation s = 2,322.32

let E = true mean

let A = test statistic

Find 95% Confidence Interval

so

let  A =  (u - E) *  (\sqrt{n}  / s)   be the test statistic

we want      P( average_l <  A  < average_u )  = 95%

look for  lower 2.5%  and the upper 97.5%  Because I think this is a 2-tail test

average_l =  -1.96  which corresponds to the 2.5%

average_u = 1.96

P(  -1.96  <  A  <  1.96)  =  95%

P(  -1.96  <  (u - E) *  (\sqrt{n}  / s)  <  1.96)  =  95%

Solve for the true mean E ok

E   <   u + 1.96* (s  / \sqrt{n})

from  -1.96  <  (u - E) *  (\sqrt{n}  / s)

E < 26,226.2 +  1.96*( 2,322.32 / \sqrt{77} )

E < 26,226.2 +  1.96*( 2,322.32 / \sqrt{77} )

E < 26,226.2 +  518.7197348105429466

upper bound is 26,744.9197

or

u - 1.96* (s  / \sqrt{n})  < E

26,226.2 -  518.7197348105429466  < E

25,707.48026519  < E

lower bound is 25,707.48026519

Therefore the  95% confidence interval is (25,707.480 < E < 26,744.920)

7 0
3 years ago
Which costs the most: 12 cat toys, 4 bags of cat food, or 3 litter boxes? Explain.
Juliette [100K]

Answer:

4 bags of cat food because food for pets are expensive

8 0
3 years ago
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