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saveliy_v [14]
3 years ago
5

Use the future value formula to find the indicated value. FV = $ 5330 n=24​; i=0.08​; PMT=? PMT=$ (round to the nearest cent)

Mathematics
1 answer:
spin [16.1K]3 years ago
4 0
Hi there
The future value formula is
Fv=pmt [(1+r)^(n)-1)÷r]
Solve the formula for PMT
PMT=Fv÷[(1+r)^(n)-1)÷r]
So
PMT=5,330÷(((1+0.08)^(24)−1)÷(0.08))
PMT=79.83

Good luck!
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The ice cream shop sells sundaes for $2 each and banana splits for $3 each. One day, the shop sold 8 more sundaes than banana sp
Nataliya [291]

Answer:

$82 sundaes

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Step-by-step explanation:

Step one :

Given data

Cost of sundaes =$2 each

Cost of banana split =$3 each

Let the number of sundaes bought be x

And the number of banana split bought be y

The total is x+y

The shop sold 8 more Sundaes than the Banana split

x=8+y—-------1

Total amount made = $156

Therefore the system of equation for the situation is

x=8+y----—----------1

2x+3y=156---------2

But x=8+y

8+y+y=156

8+2y=156

2y=156-8

2y=148

Divide both sides by 2

y=148/2

y=74

On That day they sold $74 banana split

And also they sold x=8+74=$82 sundaes

4 0
2 years ago
Jeanne needed to buy 258 yards of fabric, if the ribbon costs 10¢ per foot, what is the total cost of the ribbon in dollars?
ss7ja [257]

Answer:

Step-by-step explanation:

1 yard is equal to 3 foot

10¢= 1 foot

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30¢ x 258 yards= $77.40

7 0
2 years ago
With a 20% discount, Ella was able to save $40 on a dress. What was the original price of the dress?
inna [77]
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Hope this helps :>
4 0
2 years ago
10 POINTS AND BRAINLIEST<br> Please answer all 3 questions attached correctly.
lana66690 [7]

Answer:

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Step-by-step explanation:

#1.

5y + 2 = (1/2)(10y+4)

5y + 2 = 5y + 2

This would be identity as the equation of the left and right are the same. This is not to be confused with no solution(explained below).

#2.

0.5b + 4 = 2(b+2)

0.5b + 4 = 2b + 4

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b = 0

#3.

-3x + 5 = -3x + 10

This equation has no solution because when you try to bring the -3x to one side, the x variable itself gets eliminated. So, how is it different from identity? Well in the first equation, it is true that when we try to bring the 5y one side it eliminates the y variable, however, that is also true for the constants(since if we try to bring the 2 to one side, it will be 2-2 which will equal 0, thus eliminating each other), but in this case, even if we remove the x, the constants will not equal 0, thus it will have no solution.

5 0
3 years ago
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Paladinen [302]

Answer:

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Step-by-step explanation:

7 0
3 years ago
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