1 answer:
SFF = (r/n)/{(1+r/n)^nt-1} ------- where SFF = Sinking fund factor, r = Annual interest rate, n= number of payments per year, t = number of years
Substituting,
SFF = (0.06/2)/{(1+0.06/2)^2*2 -1} = 0.239
PMT = A*SFF = 58,000*0.239 = $13,863.57 ---- The closest answer is $13,863.74
You might be interested in
(-4, 1)
the solution is always where the two points meet!! :)
Answer:
I think
Step-by-step explanation:
y might be 50 degrees
z might be 40 degrees
w might be 140 degrees
x might be 130 degrees
(S stands for stamps)
S x 2 + 3
or
S(2) + 3
P = 2400 + 80N
Total pay if 24 copies:
P = 2400 + 80N
N equals 24
P = 2400 + 80(24)
Total pay = $4,320