A loan of 35,400 is to be repaid with monthly payments for 5 years at 6% interest compounded monthly. Calculate the monthly payment. The payment size is$___ (Round to the nearest cent as needed.)

$684.38

Step-by-step explanation:

A = Pi / (1 − 1/(1 + i)ⁿ)

where A is the annuity (monthly payment),

P is the present value (the loan),

i is the interest rate per compounding,

and n is the number of compoundings.

P = 35400

i = 0.06 / 12 = 0.005

n = 5 × 12 = 60

A = (35400) (0.005) / (1 − 1/(1 + 0.005)⁶⁰)

A = 684.38

answer: the price of one pound cabbage = $ 0.8

the point (10,8) represents that the cost of 10 pounds cabbage is $ 8

step-by-step explanation:

since, here is a proportional relation between the number of pounds of cabbage (x) and the price in dollars (y).

therefore, we can write,

⇒ y = k x

where k is the constant of proportionality.

now, point (5,4) is in the line.

thus, it will satisfies the above equation of line.

⇒ 4 = 5 k

⇒ k = 0.8

thus, the equation of the line is,

y = 0.8 x

a) for x = 1,

y = 0.8

therefore, the cost of one pound of cabbage is 0.8 dollars.

b) in the below graph (10,8) represents that the cost of 10 pounds of cabbage is 8 dollars.

add an image

step-by-step explanation: