Answer:
You need the minimum cost for renting the meeting room given the following info
Reservation Fee = $18
Hourly Rate = $5
The renter wants to keep the cost below $58
So the cost will vary with the time, t you use the inequality below
5t + 18 ≤ 58
You can solve this to get that minimum
You can check you answer by graphing it.
I hope this helps!<3
Answer:1.6
Step-by-step explanation:
96/60
Check
1.6 x 60= 96
Amount of the mortgage after down payment is
160,000−160,000×0.2=128,000
Now use the formula of the present value of annuity ordinary to find the yearly payment
The formula is
Pv=pmt [(1-(1+r)^(-n))÷r]
Pv present value 128000
PMT yearly payment?
R interest rate 0.085
N time 25 years
Solve the formula for PMT
PMT=pv÷[(1-(1+r)^(-n))÷r]
PMT= 128,000÷((1−(1+0.085)^(
−25))÷(0.085))
=12,507.10 ....answer