Answer:
This statement is true
Step-by-step explanation:
Answer: $7787.99
Step-by-step explanation:
We know that the formula to find the periodic payment on an annuity is given by :-
, where PV is the present value , r is the rate of interest ( in decimal ) and n is the number of payments.
Given : Present value : $36000
Rate of interest = 8%=0.08
Time period = 6 years
Then , the periodic payment will be :-
Hence, the payment size is $7787.99.
Answer:
Step-by-step explanation:
a1 = 6
a2 = -1.2*a_(n-1)
a2 = -1.2*a_1
a2 = -1.2 * 6
a2 = -7.2
a3 = -1.2*a_(n-1)
a3 = -1.2*a_2
a3 = -1.2 * - 7.2
a3 = 8.64
a4 = -1.2 * a_3
a4 = -1.2 * 8.64
a4 = -10.368
The percentage increase; you'll need to take the new value and subtract it by the old value.
16 - 13 = 3
Next, you'll divide 3 by the original value.
3 ÷ 13 = 0.23
And multiply by 100
The percentage increase of friends is 23%
7(x-1)=70/10
7x-7=7
7x=14
x = 2
The number is 2.
