$$A=100\;ft^2 A=200\;ft^2$$ $$C=\$3000$$ $$n=0.6$$ $$x=3000\left(\frac{200}{100}\right)^{0.6}$$ $$=4547.1497\;;\;1980\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;A=200ft$$ $$100-2000;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;n=0.81$$ $$A=1000ft^2$$ $$\frac{C_02000}{C_11980}=\frac{981}{780}\times\left(\frac{1000}{200}\right)^{0.81}$$ $$=\frac{981}{780}\times\left(\frac{1000}{200}\right)^{0.81}\times4547.1497$$ $$=21061.0$$
Category: CPM
It is desired to borrow $2000 to meet a financial obligation. This money can be borrowed from a loan agency at a monthly interest rate of 4 percent. Determine the following:(a)The total amount of principal plus simple interest due after 2 years if nointermediate payments are made,(b)The total amount of principal plus compounded interest sue after 2 years if no intermediate payments are made,(c)The nominal interest rate when the interest is compounded monthly,(d)The effective interest rate when the interest is compounded monthly.
(a)the total amountof principal plus simple interest due after 2 years if nointermediate payments are made : P=$2000 R=4% T=2×12=24 $$Simple\;Interest=P\left(1+\frac{r\times t}{100}\right)$$ $$=2000\left(1+\frac{4\times24}{100}\right)$$ =3920 (b)The total amount of principal plus compounded interest due after 2 years if no intermediate payments are made: $$=P\left(1+\frac r{100}\right)^t$$ $$=2000\left(1+\frac4{100}\right)^{24}$$ =5126 (c)The nominal interest rate when the interest rate is…