Answer:
100
Step-by-step explanation:
In economics, for a firm to earn optimum profits, it is important that it achieves a long run equilibrium. We can transfer the same to the case here that for the club to achieve optimum attendance, it must achieve long- run equilibrium attendance.
The condition for Long Run Equilibrium is that:
Club meeting attendance this week = Club meeting attendance next week
X = 80 + 0.20X
X - 0.20X = 80
X = 80/0.8
X = 100.
The long- run equilibrium attendance for this club is 100.
Step 1
Given; Word problems to translate to mathematical expressions
A) Let the number be x
B) Let the number be y
C) Let the number be c
Answer:
Step-by-step explanation:
What aremmyou talking a out
P=1560000
APR=5.6%
monthly interest, i=5.6%/12=7/1500 [fractions keep exact values]
R=1+i=1+7/1500
# of periods, n=30 years = 360 periods
monthly payment, A
A=PR^n(i)/(R^n-1)
=1560000*(1+7/1500)^360*(7/1500)/((1+7/1500)^360-1)
=$8955.632
At the end of eight years,
number of periods, n1 = 8*12 = 96
If paid off at the end of 8 years, value of loan then
future value of principal
F1=PR^n1=1560000*(1+7/1500)^96=2439135.635
future value of payments
F2=A(R^n1-1)/i=8955.632*(1+7/1500)^96-1)/(7/1500)=1081485.620
Therefore the balloon payment
= future value of principal (owing) - future value of payments (paid)
=F1-F2
=2439135.635-1081485.620
=1357650.0152
Round to two places after decimal to get final answer.
