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BIGMATHBOY4757
27.06.2019 •
Social Studies
Which are ways to improve the design of this experiment? check all that apply. reduce the sample size so the experiment can be done faster. increase the sample size from 6 cups to 12 cups of sand and water. use more legible handwriting when recording data. use more precise digital thermometers. use more precise scales that measure to the hundredth of a gram.
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Ответ:
I would need to pay Interest of $3150.44 in year 2
Explanation:
First Calculate annual Payment
The Principle is $ 47400, Therefore PV =$47400
Interest rate provided is 7.5% , Therefore i = 7.5%
Interest is compounded Annually, Therefore P/YR = 1
Period over which loan is to be repaid is 7 years, Therefore N = 7
Payments are made at the end of year
Using Financial Calculator for (PV =$47400, i = 7.5%, P/YR = 1,N = 7) The payment to be made annually is $8949.13
Then Determine Interest to be paid in Year 2 from Amortization Schedule
First yearPrinciple payment of $5394.13 is made
And Interest paid $ 3555 is paid
Leaving the Balance to be paid at $ 42005.87
Second yearPrinciple payment is $ 7440.57
Interest interest paid is $ 3150.44
Leaving a remaining balance of $36207.17 to be paid