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:
answe is 1+i
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The answer is r = 2. hope this helps :)
A
We can't really do this without seeing 28, but I can give you an educated guess. The best way for me to proceed is to solve c.
The conjecture is that x = a + b. You should always find that to be true. C is the clincher.
Here's how you do that.
x + c = 180o That's true because all straight lines have 180o. If two angles make up the straight line that means that they are always equal to 180o So x + c = 180o
Now we move to the next step. All triangles also have 180o. That means that a + b + c = 180o
So we have two conditions that equal 180o. Equalities can be equated to one another.
a + b + c = x + c Subtract c from both sides.
a + b = x.
Study what has happened. Put in mathese, the two remote interior angles equal the exterior angle, which is what you are trying to prove.
Summary
a cannot be solved without 28
b you should say that the two remote angles (a and b) will always total x
c The proof is provided for you.
