Given:
Future Value = $75,210
term = 8 years
rate = 8.5%
Initial loan = ?
In this case, we need to find the present value of the loan. Compounded means that even the interest has an interest.
PV = FV / (1 + i)^n
PV = 75,210 / (1 + 0.085)⁸
PV = 75,210 / (1.085)⁸
PV = 75,210 / 1.9206
PV = 39,159.64
Initial loan is $39,159.64
total interest is $75,210 - 39,159.64 = $36,050.36
Answer:
f(x) = (x - 2)(x + 2)
Step-by-step explanation:
When you expand out the expression, you should get f(x) = x² - 4, where only vertical movement is present. Therefore, the vertex is on the y-int at (0, -4) and your answer is the 3rd choice.
Answer:
2.87
Step-by-step explanation:
2x^2-7=9
2x^2=9+7
2x^2/2=16/2
(square root)x^2=(square root)8
x=2.87
I used this method because I don't know any other method.
