Answer: $249,300
Step-by-step explanation:
The exact formula would be if I think this is right
PV = PMT(1-(1+r)^-n)/r with r & n adjusted for periodicity
= 1400(1-(1+.054/12)^-360)/(.054/12)
= $249,318.47
which you can round off to, say, $249,300 <------
note:
counterchechecked with a financial calculator
Answer:
Could you screen-clip the question? I can't really understand.
Step-by-step explanation:
You can edit your question and I can edit my answer :)
~PumpkinSpice1
Answer: x = 12 and y = -8
Explanation:
x + y = 4
4x + 3y = 24
———————
-3(x + y = 4)
4x + 3y = 24
———————-
-3x - 3y = -12
4x + 3y = 24
———————
x = 12
If x = 12
x + y = 4
12 + y = 4
y = -8
