Answer: $7787.99
Step-by-step explanation:
We know that the formula to find the periodic payment on an annuity is given by :-
, 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 :-
Hence, the payment size is $7787.99.
Step-by-step explanation:
1.answer is 6.9667738478
2 answer is 42.872454448
3answer is 14.1339764202
4answer is 0.0857449089.
It's definitely A, gotta be.
Hey there
That's easy
Divide 2750 by 40 and a good estimate would be 68 dollars
Hope this helps
