Answer:

Step-by-step explanation:
<u>Compound Interest</u>
This is a well-know problem were we want to calculate the regular payment R needed to pay a principal P in n periods with a known rate of interest i.
The present value PV or the principal can be calculated with

Solving for R

Where Fa is computed by

We'll use the provided values but we need to convert them first to monthly payments




Thus, each payment is


3,256,423,865 rounded to the nearest million is 3,256,000,000. How I know is that the 4 in the hundred thousands place is lower than 5. So the 6 would of stayed the same and the rest of the number behind 4 would of been 0, including the 4.
4.75 feet, because you would multiply 5 by 1.54 which gives you 7.25 subtract that from 12