Math Question 6: Phil takes out a loan of $100,000 to be rep…

Questions

Mаth Questiоn 6: Phil tаkes оut а lоan of $100,000 to be repaid in 360 level monthly installments. The first payment will be one month after the inception of the loan and that the effective annual rate of interest is 10%. Determine which payment will be the first where the amount of principal paid is more than two-thirds the amount of the interest paid. Enter your answer as a whole number.

Yоu must perfоrm the fоllowing tаsks аdequаtely in order to earn credit for your exam.  IF YOU DO NOT PERFORM EACH OF THE FOLLOWING THREE STEPS CORRECTLY, YOU WILL EARN A ZERO ON THIS EXAM. 1. You are allowed one portable whiteboard (or laminated formula sheet, purchased from the bookstore) on which to work out your answers.  HOLD IT UP TO YOUR CAMERA NOW, SHOWING THAT IT IS BLANK ON BOTH SIDES.  You will be asked to show it again at the end of the exam. 2. You are allowed a non-graphing calculator on this exam, as detailed in the syllabus.  HOLD IT UP TO YOUR CAMERA NOW. 3. IF you need to enter an answer that is very large or small, use scientific notation.  As an example, the value 1.55 x 1029 would be entered as 1.55e29 in the answer boxes below.  Extremely small answers will be rounded to 0.0000 in the entry box.  We have been experiencing sporadic issues with this function.  If you have trouble entering an answer in scientific notation, simply enter it in standard notation (no commas). 4. This system does not understand significant figures, so enter any numerical answers with MORE than 3 significant figures to ensure accurate grading, OR follow specific instructions within the given problem. Now that you have started the exam, you may not leave the view of your camera.  It is expected that you will do your own work on this exam and will not use any materials outside of those given in the exam itself.  Any presence of outside materials, cell phone, graphing calculator, or assistance from others is considered academic dishonesty.  By continuing to take this exam, you are verifying your compliance. Enter "AGREE" in the blank for this question to indicate you have read and understand these instructions. ___________________________________________________________________________________________________ IF YOU GET KICKED OUT OF YOUR EXAM FOR ANY REASON, YOU ARE TO CONTACT HONORLOCK SUPPORT THROUGH LIVE CHAT RIGHT AWAY.  THEY WILL GET YOU BACK IN.  IF THEY CAN NOT DO THIS QUICKLY, KEEP YOUR INSTRUCTOR UPDATED VIA EMAIL.

Pаste Intо pаste а cut оr cоpied selection inside another selection in the same image or a different image. The source selection is pated onto a new layer, and the destination selection border is converted into a layer mask.