Answer:
A) $204 B) $331.50
Step-by-step explanation:
For both scenarios, you just multiply the amount of hours worked by the amount per hour to find the total amount made.
Present Value of an annuity is given by the formular
PV = P(1 - (1 + r)^-n)/r; where PV = $28,000, r = 0.081/12 = 0.00675, n = 35 and P is the periodic (monthly) payment.
P = PVr/(1 - (1 + r)^-n) = (28,000 x 0.00675)/(1 - (1 + 0.00675)^-35) = 189/0.2098 = 900.90
Therefore, the monthly payment is $900.90
<em>The answer is 25.12 exactly</em>
Slope intercept form is y=mx+b
m(slope)=1/2
(x,y)—->(-8,-4) so x=-8 and y=-4 substitute and solve for b
-4=1/2(-8)+b
-4=-4+b
+4=+4
0=b
