To offset college expenses, at the beginning of your freshman year you obtain a nonsubsidized student loan for $15,000. Interest on this loan accrues at a rate of 4.11% compounded monthly. However, you do not have to make any payments against either the principal or the interest until after you graduate. Required:
a. Write a function that gives the total amount, F, you will owe on this loan after t years in college. F(t) = ?
b. What is the APR?%
c. What is the APY? (Round your answer to two decimal places.)

15000(1.003425)^12t ;

4.11%

4.188%

Step-by-step explanation:

Given that:

Loan amount = principal = $15000

Interest rate, r = 4.11% = 0.0411

n = number of times compounded per period, monthly = 12 (number of months in a year)

Total amount, F owed, after t years in college ;

F(t) = P(1 + r/n)^nt

F(t) = 15000(1 + 0.0411/12)^12t

F(t) = 15000(1.003425)^12t

2.) The annual percentage rate is the interest rate without compounding = 4.11%

3.)

The APY

APY = (1 + APR/n)^n - 1

APY = (1 + 0.0411/12)^12 - 1

APY = (1.003425)^12 - 1

APY = 1.04188 - 1

APY = 0.04188

APY = 0.04188 * 100% = 4.188%

ur mom

step-by-step explanation:

let's cover over the formula of the vertex:

y = a(x – h)^2 + k

in this formula, (h,k) are the vertex, always remember that the positive or negative value of the vertex is based on the sign it has.

for example, if the vertex is -3,-6 then both the x and y value would have the positive sign attached to it and if it were a positive x and y value, then a negative sign would be attached to it.

with that being said, for our problem the x value is a positive one so we are looking for a number with a negative sign next to it, in this case the first and second choice.

however, for the first answer choice it isn't quite part of the formula so we know that the answer choice correctly displays the x value.

to confirm, we can see if the -1 fits correctly with the second answer choice, and as mentioned above a negative number will have a positive sign attached to it. so, for our problem we can see that -1 has been changed to +1, so we can confirm that the second answer choice is correct.

hence, our final answer is y=(x - 1)^2 + 1