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Joe took out a car loan for $12,000. He paid $4,800 in interest at a rate of 8% per year. How many years will it take him to pay off the loan?
Using the easy interest formula Interest = principal × rate × time, or I = prt, substitute p = $505, r = .05 (the interest rate as a decimal) and t = 4; I = (505)(.05)(4). Multiply to obtain a result of I = $101.
Find the present value of an ordinary annuity which has payments of 2300 per year for 15 years at 6% compounded annually
/100*4500/12
Assume E is the event that a randomly generated bit string of length 4 starts with a 1 and F is the event that this bit string consists of an even number of 1's. Are E and F indepe
advanteges of duality
an insurance salesman sells policies to 5 men, all of identical age in good health. the probability that a man of this particular age will be alive 30 years hence is 2/3.Find the p
Fourier series - Partial Differential Equations One more application of series arises in the study of Partial Differential Equations. One of the more generally employed method
Suppose that we know the logarithms of all numbers which are expressed to base 'a' and we are required to find the logarithms of all these numbers to base 'b'. We
How do i divide 200 by 4
Maxima and Minima We have to make a distinction between relative maxima (or minima) and global maxima (or minima). Let f(x) be a function of x. Then the global maxi
3x+y=9 5x-y=7
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