Use the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 5500
PMT monthly payment?
R interest rate 0.115
K compounded monthly 12
N time 5years
Solve the formula for PMT
PMT=Pv÷ [(1-(1+r/k)^(-kn))÷(r/k)]
PMT=5,500÷((1−(1+0.115÷12)^(
−12×5))÷(0.115÷12))
=120.95
So the answer is C
Hope it helps!
Answer:
Step-by-step explanation:
Quick access
Multiples of 10 = 10, 20, 30, 40, 50, 60
This means the 10th, 20th, 30th, 40th, 50th, 60th, ... fan will get a free hat.
Multiples of 12 = 12, 24, 36, 48, 60
This means the 12th, 24th, 36th, 48th, 60th, ... fan will get a free shirt.
So the 60th fan will receive both a hat and a shirt.
Meaning 60 fans will come to the stadium before a fan receives both a hat and a shirt.
Answer:
X=2
Step-by-step explanation:
Using distributive property: 1/3(12x-24)=16
4x- 8=16
Using oposite oporations on both sides:
4x-8=16
4x+8=16-8
4x=8
8/4=2
x=2
can I have brainliest please
See attachment for math work and answer.
