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
Answer:
Each binder costs 30 cents or $0.30
Step-by-step explanation:
If Sarah's total was $9.05 and the binder costs 7.25 then in order to find the price of the folders you must subtract the cost of the binder (7.25) from the total (9.05) which leaves $1.80 as the amount she paid in total for 6 folders. Next, to find the amount spent per folder divide 1.80 by the number of folders which is 6 and your final answer should be 0.30.
9.25= 7.25+6x (next subtract 7.25 on both sides)
1.80=6x (next divide by six on both sides)
0.30=x
Answer:
She has 400 megabytes left
Step-by-step explanation:
Multiply 2/3 by the reciprocal, 3/2, on both sides.
