Answer:
$403.15
Step-by-step explanation:
Principal loan amount is the total amount minus down-payment:
Knowing that 
, the monthly payments can be calculated using the formula:
![M=P[\frac{r(1+r)^n}{(1+r)^n-1}]\\\\=23000\frac{(0.006658(1.006658)^{72}}{1.006658^{72}-1}\\\\=403.15](https://tex.z-dn.net/?f=M%3DP%5B%5Cfrac%7Br%281%2Br%29%5En%7D%7B%281%2Br%29%5En-1%7D%5D%5C%5C%5C%5C%3D23000%5Cfrac%7B%280.006658%281.006658%29%5E%7B72%7D%7D%7B1.006658%5E%7B72%7D-1%7D%5C%5C%5C%5C%3D403.15)
Hence, the monthly payment is $403.15
Chicken - $8
Duck - $5
Work:
50c+30d=550
44c+36d=532
Answer:
$265.65
Step-by-step explanation:
Given :
WACC: 9.00%
Year 0 1 2 3 Cash flows (-$1,000) $500 $500 $500
The NPV is calculated thus :
Initial cashflow + Σ additional cash flows / (1 + r)
Rate, r = 9% = 0.09
(1 + r) = (1 + 0.09) = 1.09
NPV = - 1000 + (500 / (1.09)¹ + (500 / 1.09)² + (500 / (1.09)³
NPV = - 1000 + 458.71559 + 420.83999 + 386.09174
NPV = 265.64732
NPV = 265.65 (2 DECIMAL PLACES)
0.008 would equal to 8/1000 while 0.08 would be 8/10. That would mean 0.008 is much smaller than 8/10. You use the idea of base 10.
So, we are given 5^8. It was happy and content. But then... we had to write it as a quotient of two exponential terms with the same base in four different ways and use negative or zero exponents and ahhhhhh!!!
... anyways...
We'll build a quotient of two exponential terms with the same base 5. Something like this:
5^a / 5^b
We need them to make 5^8 when we are done. I'll first use a zero exponent.
[1] Now, zero exponents are nice since they make things equal 1. Like 5^0 = 1. Well, obviously, 5^8 / 1 = 5^8. So, our first quotient can be:
5^8 / 5^0
Done.
[2] Let's try this on its head. This one's a little weird. Remember that negative exponents flip things upside down. So 5^-8 = 1/5^8 and 1/5^-8 = 5^8 for example. In fact... that's the answer!
5^0 / 5^-8 = 5^8
Done.
[3] Let's try to not use 0s or 8s. We can be clever and do something like this:
5^-1 / 5^-9
What the heck is that? Well, we just flip them and get:
5^-1 / 5^-9 = 5^9 / 5^1 = 5^8
Done.
[4] Can you come up with one last trick on your own? Try it!
