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:
see below
Explanation:
There are many ways of writing a verbal expression for the given algebraic expression.
Some examples are:
a number c plus twice a number da number c added to twice a number dc added to the product of 2 and d the product of 2 and d increased by c twice a number d increased by cthe sum of c and twice d
The most she can buy would be 24.
1128 - 72 = 1056
43 * 24 = 1034
43* 25 = 1075
hope this helped
Answer: A y=4x -5 and y=4x+5
Step-by-step explanation:
They have no solutions because they have the same slopes but different y intercepts. That works with any equation.
Answer:
Flat fee of 20 dollars with 5 dollaers every hour=
20+h5
Step-by-step explanation: