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teller
 one year ago
Mind telling me If I got this right?
An amount of $49,000 is borrowed for 13years at 7.5% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?Use the calculator provided and round your answer to the nearest dollar.
f=49000(1+0.075)^13 =1254602.40378726
or
f=49000(10.075)^13= 177843.74932331
teller
 one year ago
Mind telling me If I got this right? An amount of $49,000 is borrowed for 13years at 7.5% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?Use the calculator provided and round your answer to the nearest dollar. f=49000(1+0.075)^13 =1254602.40378726 or f=49000(10.075)^13= 177843.74932331

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SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1\(\LARGE\color{black}{ \displaystyle \color{blue}{\rm A}=\color{royalblue}{\rm P}\left(1+\frac{ \color{red}{\rm r}}{\color{green}{\rm n}} \right)^{\huge \color{green}{\rm n} \times\color{magenta}{\rm t}} }\) \(\Large \color{black}{ \displaystyle \color{blue}{\rm A}}\)  is the final amount after the investment. \(\Large \color{black}{ \displaystyle \color{royalblue}{\rm P} }\)  is the investment from which you started. \(\Large \color{black}{ \displaystyle \color{red}{\rm r} }\)  is the percent rate (converted to decimal) \(\Large \color{black}{ \displaystyle \color{green}{\rm n} }\)  the number of times that interest is compounded each year. \(\Large \color{black}{ \displaystyle \color{magenta}{\rm t} }\)  the number of years for which you invest.

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1Do you aslo see stuff crossed out?

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1tell me, do you see normal latex in olors, or crossed out codes?

teller
 one year ago
Best ResponseYou've already chosen the best response.0i just see normal colors.

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1oh, cool, so use that formula.

teller
 one year ago
Best ResponseYou've already chosen the best response.0I did use that formula just in a different format the one we were told to use..

teller
 one year ago
Best ResponseYou've already chosen the best response.0f=p(1+r)^1 or f=p(1r)^t

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1An amount of $49,000 is borrowed for 13years at 7.5% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?Use the calculator provided and round your answer to the nearest dollar. t=13 r=0.075 n=1 P=49000 "A" is what you need to find.

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1Inside should be a +

teller
 one year ago
Best ResponseYou've already chosen the best response.0yea and i already found them but i need to know which one is right.

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1I have a wierd glitch, don't know why. but as long as you can see everything fine, it is not that bad

teller
 one year ago
Best ResponseYou've already chosen the best response.0Thank you so how do i round it ?

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1did you find the value?

teller
 one year ago
Best ResponseYou've already chosen the best response.01254602.40378726 is what i got i just need to know how to round it now.

phi
 one year ago
Best ResponseYou've already chosen the best response.0when you owe interest, it is added to the total cost. the final amount will be more than what you borrowed. that is how to remember (1+r) (and not (1r) )

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1http://www.wolframalpha.com/input/?i=49000%281%2B0.075%29%5E13

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1well, the amount you will have to return is 125460.24

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1well rounded to nearest cent.

teller
 one year ago
Best ResponseYou've already chosen the best response.0that's what i need help with.

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1Well: 31, 32, 33, 34 would round up to 30 35, 36, 37, 38, 39 would round up to 40

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1So from 5 to 9, rounds up. And from 1 to 4, rounds down

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1you keep missplacing the point

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1decimal is after the 0

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1And you have 125460.\(\color{red}{2}\)4 and 60.\(\color{red}{2}\) would round to 61.0 or 60.0 ?

teller
 one year ago
Best ResponseYou've already chosen the best response.0so the answer is 125460.24?

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1well, you want to round to nearest dollar, so then not.

teller
 one year ago
Best ResponseYou've already chosen the best response.0dude what the hell?You keep telling me 125460.24

teller
 one year ago
Best ResponseYou've already chosen the best response.0all your doing is confusing me even more.

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1125460.24 is the answer with cents.

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1They ask you to round that up to dollar

teller
 one year ago
Best ResponseYou've already chosen the best response.0i've been asking you for the last 5 minutes how?

teller
 one year ago
Best ResponseYou've already chosen the best response.0not asking for cents it's asking for dollars.

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.160.2 where would the 2 round it to? UP (and you have 61.0) or DOWN (and you have 60.0).  Recall that: 31, 32, 33, 34 would round up to 30 35, 36, 37, 38, 39 would round up to 40

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1"Recall that" and below is an example

SolomonZelman
 one year ago
Best ResponseYou've already chosen the best response.1125460.24 > 125460.00

teller
 one year ago
Best ResponseYou've already chosen the best response.0so the answer is 125460.00?
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