Based on the amount borrowed and the interest per year, Big Brothers, Inc will pay an annual payment of $59,973.15.
<h3>How much will Big Brothers, Inc. pay annually?</h3>
This can be found by using the present value of an annuity formula because the annual payment will be constant and therefore like an annuity.
Formula is:
Present value of annuity = Annual payment x ( 1 - (1 + rate) ^ -number of periods) / rate
Solving gives:
267,999 = Amount x ( 1 - ( 1 + 18.16%)⁻¹⁰) / 18.16%
267,999 = Amount x 4.46865
Amount = 267,999 / 4.46865
= $59,973.15
Find out more on loan present value at brainly.com/question/15088278.
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Answer:
False
Step-by-step explanation:
A line is defined by and consists of at least two points, therefore, an extra point in the same plane can be located such that when joined to one of the previous two points to form another distinct line
However, three points can only lie on one distinct plane as the location of the third point together with the two colinear point form either three colinear points or a triangle which is a planar two dimensional polygon.
$650
Step-by-step explanation:
Revenue(9,950)- Fixed(9,000)- expenses(300) = 650
Answer:
wow really
Step-by-step explanation: thanks alot :)
Answer:
e.) -4b -24
Step-by-step explanation:
Substitute the expression for "a" into the expression -2a. Make use of the distributive property to eliminate parentheses.
... -2a = -2(2b +12) = -4b -24
