Answer:
79%
Step-by-step explanation:
To find the median, you need to arrange the numbers in ascending order. Than pick the middle number. If there are two middle numbers then you add them together and then divide by 2.
A(n) = –3 • 2⁽ⁿ⁻¹⁾
for n = 1 , A₁ = -3.(2)⁰ = -3
for n = 2 , A₂ = -3.(2)¹ = -6
for n = 3 , A₃ = -3.(2)² = -12
for n = 4 , A₄ = -3.(2)³ = -24
...........................................
for n = 8 , A₈ = -3.(2)⁷ = -384
Answer:
Principal element is $475.43
Interest payment is $390
Step-by-step explanation:
The amount of interest paid in month one is 4%*$117,000*1/12=$390
The interest is calculated based on the annual interest rate of 4% apportioned to reflect one month interest by multiplying by 1/12
The principal element of monthly payment is the monthly payment minus interest.
principal paid in month one=$865.43-$390=$475.43
Ultimately,$475.43 goes toward reducing her loan balance while the $390 is interest on loan
To start this, you would multiply 5/8 by 100 because you’re looking for a percentage.
5/8 x 100 = 62.5%
Given that Rylee took out a loan for $3600 at 13% interest.
Where interest is compounded annually.
Interest for 1 year = 13% of 3600 = 0.13*3600 = 468
Amount due after 1 year = Loan + interest = 3600+468 = 4068
Monthly payment = 460
So Amount to be paid after 1 year = 4068-460 = 3608
New due amount $3608 is more than the loan amount $3600
Which means loan will always remain due for his entire life.
Hence Rylee will never be able to pay off the loan.
Interest must be less than the monthly payment in order to pay off the loan.
