The size of the monthly repayment k that amortizes a loan of A dollars in N years at an interest rate of r per year, compounded monthly, on the unpaid balance is given by

The value of r can be found by performing the iteration



A family secured a loan of $360,000 from a bank to finance the purchase of a house. They have agreed to repay the loan in equal monthly installments of $2476 over 25 years. Find the interest rate on this loan. Round the rate to one decimal place.


6.7%

Mathematics

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Approximate the value using a calculator. Express answer rounded to three decimal places.54.8

A. 3125.000 B. 2548.040 C. 24.000 D. 2264.936

Mathematics

Provide an appropriate response.True or False? The product of the binomials (5x - 2) and (5x - 2) is equal to 

A. True B. False

Mathematics

The San Francisco cable cars travel by clamping onto a steel cable that circulates in a channel beneath the streets. This cable is driven by a large 12-foot-diameter pulley, called a sheave (see the figure). The sheave turns at a rate of 17 revolutions per minute. Find the speed of the cable car, in miles per hour, by determining the linear velocity of the cable. (1 mi = 5,280 ft) ? ? If the answer needs rounding, round it to the nearest hundredth. ? __________ mph

What will be an ideal response?

Mathematics

Use the given trigonometric function value of ? to find the requested trigonometric function value of the acute angle ?. Rationalize the denominators where necessary.csc ? =    Find sin ?.

A.
B. 6
C. - 
D. -6

Mathematics