Mathematics, 25.02.2020 02:21 michellemitchel
Alan writes the equation A=500(1.25)t to figure out how much it will cost him for a one-year loan of $500 with an interest rate of 25% compounded only once. He wants to determine the annual percentage rate (APR) for a loan that would cost the same amount overall, if it is compounded monthly, instead of only once. Which equation should he use, and what is the APR?
A≈500(1.25)12tAPR≈1.88%
A≈500(1.0188)12tAPR≈22.56%
A≈500(1.0188)12tAPR≈1.88%
A≈500(1.2512)112tAPR≈14.55%
Answers: 1
Mathematics, 21.06.2019 17:40
How can the correlation in the scatter plot graph below best be described? positive correlation negative correlation both positive and negative no correlation
Answers: 1
Mathematics, 22.06.2019 00:00
The perimeter of a quarter circle is 14.28 miles. what is the quarter circle's radius?
Answers: 1
Mathematics, 22.06.2019 00:30
The power generated by an electrical circuit (in watts) as a function of its current c (in amperes) is modeled by p(c)= -15c(c-8) what current will produce the maximum power?
Answers: 1
Mathematics, 22.06.2019 03:10
Kim took out a $55,000 loan for college she is borrowing money from 2 banks bank a charges an interest rate of 8% and b charges an interest rate of 11% after one year kim owes 5000 in interest how much money did she borrow from bank a.
Answers: 1
Alan writes the equation A=500(1.25)t to figure out how much it will cost him for a one-year loan of...
Biology, 24.04.2020 19:31
Social Studies, 24.04.2020 19:31
Mathematics, 24.04.2020 19:31
Mathematics, 24.04.2020 19:31
Mathematics, 24.04.2020 19:31
History, 24.04.2020 19:32
Chemistry, 24.04.2020 19:32