Using technology, determine the quarterly payment on a 4 year loan of $16,231 at 5.1% compounded quarterly. Round your answer to the nearest cent. a.

$1,125.69

c.

$1,518.85

b.

$1,127.86

d.

$1,508.31

Please select the best answer from the choices provided

A

B

C

D

 $1,127.86

Step-by-step explanation:

Step-by-step explanation:

The amortization formula is ...

 A = Pr/(1 -(1+r)^-n)

where A is the payment amount, P is the principal amount, r is the interest rate per period, and n is the number of periods.

Here, we have P=$16,231, r=0.051/4=0.01275, n=4·4=16.

So, the payment is ...

 A = $16,231·0.01275/(1 -1.01275^-16) = $1,127.86

The quarterly payment amount is $1,127.86.

Click to let others know, how helpful is it

none of the option is correct.

step-by-step explanation:

it says to find which expression equals 9^3 sqrt 10 = ?

9^3 sqrt 10 = 729 sqrt 10.

checking option a. 5 sqrt 10 + 4 sqrt 10

5 sqrt 10 + 4 sqrt 10

= 9 sqrt 10.

checking option b. 5^3 sqrt 10 + 4^3 sqrt 10

5^3 sqrt 10 + 4^3 sqrt 10

= 125 sqrt 10 + 64 sqrt 10

= 189 sqrt 10.

checking option c. 5 sqrt 10 + 4^3 sqrt 10

5 sqrt 10 + 4^3 sqrt 10

= 5 sqrt 10 + 64 sqrt 10

= 69 sqrt 10.

checking option d. 5^3 sqrt 10 + 4 sqrt 10

5^3 sqrt 10 + 4 sqrt 10

= 125 sqrt 10 + 4 sqrt 10

= 129 sqrt 10.

hence, none of the option is correct.

b) the dogs need to shift their focus to human scent.