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Natalka [10]
2 years ago
6

Big Brothers, Inc. borrows $267,999 from the bank at 18.16 percent per year, compounded annually, to purchase new machinery. Thi

s loan is to be repaid in equal annual installments at the end of each year over the next 10 years. How much will each annual payment be?
Round the answer to two decimal places.
Mathematics
1 answer:
Katyanochek1 [597]2 years ago
6 0

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.

#SPJ1

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The product of 5 and a number x is 1414 .
Julli [10]
5x = 1414
x = 1414 / 5
x = 282.80
4 0
3 years ago
A number, y, is equal to twice the sum of a smaller number and 3. The larger number is also equal to 5 more than 3 times the sma
Nata [24]

Answer:

The equations represent the situation is y=2x+6 and y=5+3x.

Step-by-step explanation:

Consider the provided information.

First convert the statement into mathematical representation.

Consider the smaller number is <em>x</em> and the larger number is <em>y</em>.

<em>y</em>, is equal to twice the sum of a smaller number and 3.    

This information can be written as: y=2(x+3)

Which can be further solve as:

y=2x+6

The larger number is also equal to 5 more than 3 times the smaller number.

This information can be written as: y=5+3x

Thus, the equations represent the situation is y=2x+6 and y=5+3x.

Which can be further solve as:

2x+6=5+3x

x=1

Now, substitute the value of <em>x</em> in y=5+3x.

y=5+3

y=8

3 0
3 years ago
Read 2 more answers
What is the slope of a line that passes through (-1, 8) and (-1, -7)?
ch4aika [34]
Y2-y1/x2-x1. so -7-8/-1-(-1)= -15/1
8 0
3 years ago
En un campamento de refugiados, cada refugiado recibe la misma ración de comida si se van a repartir 162 paquetes de galletas 32
natali 33 [55]

Hay 162 refugiados en el campamento. Si hubiera mas de 162, ya no recivirian la misma racion de comida. Cada uno recive un paquete de galletas, dos paquetes de arroz y pienso k una botella y media de agua (aunque lo de el agua suene un poko ilogico).
8 0
3 years ago
The punch bowl at felicia's party is getting low so she adds 12 cups of punch to the bowl two guests serve themselves 1.25 cups
Eduardwww [97]

2.75 cups were in the punch bowl before felicia refilled it .

<u>Step-by-step explanation:</u>

Here we have , the punch bowl at felicia's party is getting low so she adds 12 cups of punch to the bowl two guests serve themselves 1.25 cups and 2 cups and 2 cups of punch the punch bowl now contains 11.5 cups of punch . We need to find how many cups were in the punch bowl before felicia refilled it let n=number of cups bowl before felicia refilled it. Let's find out:

Initially we have , n number of cups of punch ! Than 12 additional cups were added , given below is the equation framed for the number of cups present:

⇒ n+12

Now , After this 1.25 and 2 cups were served by guests themselves and remaining cups were 11.5 i.e.

⇒ 11.5+1.25+2

⇒ 14.75

Equating both we get :

⇒ n+12=14.75

⇒ n=14.75-12

⇒ n=2.75

Therefore , 2.75 cups were in the punch bowl before felicia refilled it .

6 0
3 years ago
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