3 years ago

60000ft² divided by 3 floors and 2 buildings is? How much each floor for each building?

1 answer:

9966 [12]3 years ago

3 0

10000ft<span>² for each floor.

60000 divided by 3 = 20000
20000 divided by 2 = 10000

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Assoli18 [71]

Answer: $7787.99

Step-by-step explanation:

We know that the formula to find the periodic payment on an annuity is given by :-

$P=\dfrac{r(PV)}{1-(1+r)^{-n}}$ , where PV is the present value , r is the rate of interest ( in decimal ) and n is the number of payments.

Given : Present value : $36000

Rate of interest = 8%=0.08

Time period = 6 years

Then , the periodic payment will be :-

$P=\dfrac{(0.08)(36000)}{1-(1+0.08)^{-6}}\\\\\Rightarrow\ P=\dfrac{2880}{0.3698}\\\\\Rightarrow\ P=\$7787.99$

Hence, the payment size is $7787.99.

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