Present Value of an annuity is given by the formular
PV = P(1 - (1 + r)^-n)/r; where PV = $28,000, r = 0.081/12 = 0.00675, n = 35 and P is the periodic (monthly) payment.
P = PVr/(1 - (1 + r)^-n) = (28,000 x 0.00675)/(1 - (1 + 0.00675)^-35) = 189/0.2098 = 900.90
Therefore, the monthly payment is $900.90
Answer:
x=4
Step-by-step explanation:
3x-5 = 7
Add 5 to each side
3x-5+5 = 7+5
3x = 12
Divide each side by 3
3x/3 = 12/3
x = 4
Answer: If you are wondering about your grades, it becomes 70.495. Therefore, your grade becomes a 70.
C.
$38,461.54 must be deposited to earn $1000 in 2 years.
Answer:
150cm
Step-by-step explanation:
depth is 5 cm, so the area of one of the faces is 25 cm. theres 6 faces so 25*6= 150
