The Present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt)/(r/t)
where: P is the monthly payment, r is the annual rate = 7% = 0.07, t is the number of periods in one year = 12 and n is the number of years = 3.
18,000 - 6,098 = P(1 - (1 + 0.07/12)^-(3 x 12)) / (0.07/12)
11,902 = P(1 - (1 + 0.07/12)^-36) / (0.07/12)
P = 0.07(11,902) / 12(1 - (1 + 0.07/12)^-36) = 367.50
Therefore, monthly payment = $367.50
Simplest way to do this:
number of books= 120
percentage represented by 120= 100%
increase current percent by 55%= 155%
: . 55% increase = original number of books * (155%)
= 120 * (155/100)
= 186
Maximum can be determined by taking derivative and set it equal to zero.
Answer:
I think its choice C
Step-by-step explanation:
Because it makes more sense to me
5 * 1.5 to get 7.5, which is total pounds
7.5 - 2.8 to get how many almonds
= 4.7
Choice C makes the most sense to get that answer
i'm only in 5th grade so tell me if i'm wrong ill be ok with that
