Answer:
$25,193.17
Explanation:
Given:
• Principal Felipe borrowed, P=$8000
,
• Annual Interest Rate, r=16.5%=0.165
,
• Compounding Period, k=12 (Monthly)
,
• Time, t=7 years
We want to determine how much he will owe after 7 years.
In order to carry out this calculation, use the compound interest formula below:
Substitute the values defined above:
Finally, simplify and round to the nearest cent.
After 7 years, Felipe will owe $25,193.17.
What is the expression? Tell me and I will help you.
Semi monthly means 2 times per month
assume that pay is at beginning and middle of month (doesn't matter, but makes it easier for me)
so 12 months
2 times per month
12 times 2=24
divide 55000 by number of months
55,000/24=2291.67
so the amount per paycheck, assuming equally distributed amounts throughout the paychecks, is $2291.67
The midpoint formula is basically (averaging the x coordinates, averaging the y coordinates).
Point A: (3, 7)
Point B: (2, -1)
Midpoint x: (3 + 2) / 2 = 5 / 2
Mindpoint y: (7 - 1) / 2 = 3
Therefore, the midpoint of the segment is choice C (5/2, 3)
