This question can be approached using the present value of annuity formula. The present value of annuity is given by

, where: PV is the present value/amount of the loan, P is the periodic (monthly in this case) payment, r is the APR, t is the number of payments in one year and n is the number of years.
Given that the<span> financing is for a new road bike of $2,500 and that the bike shop offers a 13.5% APR for a 24 month loan.
Thus, PV = $2,500; r = 13.5% = 0.135; t = 12 payments (since payment is made monthly); n = 2 years (i.e. 24 months)
Thus,
</span>

<span>
Therefore, his monthly payment is $119.44</span>
Answer:
6
Step-by-step explanation:
Since the degree of the angle is 45, we know that the triangle is isosceles. That means that the sides of the triangle, not including the hypotenuse, has a length of 3√2.
Using the Pythagorean theorem, which is a^2 + b^2 = c^2, we have (3√2)^2 + (3√2)^2 = c^2.
Note: c is the hypotenuse of the triangle.
18 + 18 = c^2
= 36 = c^2
Therefore, c = 6.
Answer:
P=8h
Step-by-step explanation:
P is the total amount of dollars that Keith will make, while h is the number of hours he will work for. If you multiply the number of hours he works for and how much he makes in an hour which is 8. You will get the total amount.
Answer:
99/1=99
Step-by-step explanation: