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
Answer:
1) and 3)
Step-by-step explanation:
Answer:
19.15
Step-by-step explanation:
so find the circumference of the circle using c=2*pi*r it's like 18.849. then find the perimeter of the box so p=2l+2w and it's like 38. so subtract the circle circumference from 38 so 38-18.849=19.15
Answer:
the monthly payment would be $86.00
Step-by-step explanation:

solve for "b", to see what the base is
what about the height? well, h = 4b