Answer:
Step-by-step explanation:
<u>Given</u>
- Monthly payment P = $300
- Time t = 3 years = 36 months
- Number of payments n = 36
- Interest rate r = 12% PA = 1% per month = 0.01 times
<u>Use loan payment formula:</u>
- P = r(PV) / (1 - (1 + r)⁻ⁿ),
- where P- monthly payment, PV - present value (amount of the loan), r -rate of interest, n- number of payments
<u>Substitute values and solve for PV:</u>
- 300 = (0.01*PV) / (1 - (1 + 0.01)⁻³⁶)
- PV = 300*(1 - 1.01⁻³⁶ )/ 0.01
- PV = 9032.25 ≈ $9000 (rounded to the nearest hundred dollars)
Answer:
The answer is the first option
hope this helps
Step-by-step explanation:
Hey there!
In order to convert a fraction into a decimal, simply divide the numerator by the denominator. The numerator is the top part of the fraction while the denominator is the bottom part of the fraction.
So, 93 ÷ 1000 = 0.093
Thus, the decimal form of
is 0.093.
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10. (5,8)(-3,7)
slope = (7 - 8) / (-3 - 5) = -1 / -8 = 1/8
11. (5,-2)(3,-2)...since both y values are the same, this line is a horizontal line with a 0 slope.
12. (-4,7)(8,-1)
slope = (-1 - 7) / (8 - (-4) = -8 / (8 + 4) = -8/12 = - 2/3
13. (6,-3)(6,4)....since both x values are the same, this line is a vertical line with a slope that is undefined
14. -2/5