Answer:
Monthly payment = $81.20
Step-by-step explanation:
The tires price including tax = $950
The down payment = $50
Remaining amount = $950 - $50 = $900
He has to take loan for $900
P = $900
Rate per monthly =18%/12 = 18/100 ÷12 = 0.18÷12 =0.015
n =12 months
Here we have to use the formula
Monthly payment = [p*r*(1+r)^n ÷ (1 + r)^n - 1]
= (900*0.015*(1+0.015)^12 / (1+0.015)^12 - 1)
= (13.50*1.015^12) ÷ [(1.015)^12 -1]
= 16.14 ÷ [ 1.20 -1]
=16.24 ÷0.20
= $81.20
Monthly payment = $81.20
Thank you.
Based on the amount borrowed and the interest per year, Big Brothers, Inc will pay an annual payment of $59,973.15.
<h3>How much will Big Brothers, Inc. pay annually?</h3>
This can be found by using the present value of an annuity formula because the annual payment will be constant and therefore like an annuity.
Formula is:
Present value of annuity = Annual payment x ( 1 - (1 + rate) ^ -number of periods) / rate
Solving gives:
267,999 = Amount x ( 1 - ( 1 + 18.16%)⁻¹⁰) / 18.16%
267,999 = Amount x 4.46865
Amount = 267,999 / 4.46865
= $59,973.15
Find out more on loan present value at brainly.com/question/15088278.
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Answer:
x = 143
Step-by-step explanation:
The chord- chord angle x is half the sum of the measures of the arcs intercepted by the angle and its vertical angle, that is
x = 
(140 + 146) = 0.5 × 286 = 143
Given that <span>the weights of farmer carl's potatoes are normally distributed with a mean of 8.0 ounces and a standard deviation of 1.1 ounces.
The probability of a normally distributed data between two values (a, b) is given by:
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