Answer:
$415.18
Explanation:
The calculation of the present value of a cash flow or other income stream that produces $1 in income over so many periods of time.
DATA
Amount borrowed = $12,500
Annual interest rate = 12.00%
Monthly interest rate = 1.00%
Period = 36 months
Let monthly payment be x
12,500 = x/1.01 + x/1.01^2 + x/1.01^3 … + x/1.01^35 + x/1.01^36
12,500 = x * (1 - (1/1.01)^36) / 0.01
12,500 = x * 30.107505
x = 12,500/30.107505
x = 415.18
The monthly payment is $415.18
is that all of the information
Answer:
50% of 80 is 40
Step-by-step explanation:
50% is half of something so half of 80 is 40
The answer is F=ma
In this type of equation, By followng, the rules that learned through aljabar ,
ab = ab
-ab = -ab
putting two letter representations will equal to multiplying it.Beside this, Putting a dot between each the two-letter representations will also indicate multiplication.
