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
Slope = (2+6)/(2+2) = 8/4 = 2
answer:
slope = 2
Answer:
$117,351 JMD
Step-by-step explanation:
It is simple. 1 US dollar is 150.45 JMD, so 780 US dollars should be:
780 * 150.45 = 117,351
The whole part will be the 4. The fraction part will be the decimal. That converts to the fraction 25/40. Therefore, 4.625 as a mixed number is 4 and 25/40.
