Answer:
The balance be after he has made exactly half of his monthly payments is $56881.4.
Step-by-step explanation:
Given : Dean took out a 10-year loan for $40,000 at an APR of 4% compounded monthly.
To find : What will his balance be after he has made exactly half of his monthly payments?
Solution :
Formula of monthly payment ,
Discount factor
Where, Amount = $40,000
Rate r= 4% compounded monthly
Time = 10 years
Now, put all the values we get,
Half of the monthly payment is $807.345
Payment for 10 years is 
The balance is $96881.4-$40000=$56881.4
Therefore, The balance be after he has made exactly half of his monthly payments is $56881.4.
Answer:
Dawn has 32 pens.
Step-by-step explanation:
- Let No. of pens Alice has = A
- Let No. of pens Maurice has = M
- Let no of pens Paul has = P
- Let no. of pens Suzy has = S
- Let no of pens Dawn has = D
Given :
- A = 7M
- P = 2/3 (A + S)
- D = P + 12
- S = 1/2 M
- If S = 2 {Given}
- M = 4 [∵ S = 1/2 M → M = 2S = 2X(2) ]
- A = 28 [ ∵ A = 7M → A = 7 x 4 ]
- P = 20 [∵ P = 2/3 (A+S) → P = 2/3 (28 + 2) = 2/3 (30) ]
- D = 32 [ ∵ D = P + 12 → D = 20 + 12 ]
Well, think about it
3 weeks = 21 days
so multiply, 0.86 times 21 days
and you get 18.06 meters.