Answer:
17640
Step-by-step explanation:
at a discount of 10% per year $4900 is equal to $490 per year
payment started 6 years ago from now and ended 20 years from now
therefore there is an accumulation of 26 years
for 26 years = 26 *$490= $12740
present value therefore = $4900+$12740=$ 17640
Answer: 12
Step-by-step explanation:
9514 1404 393
Answer:
0.06164
Step-by-step explanation:
The effective annual rate obtained by compounding nominal annual rate r monthly is ...
eff rate = (1 +r/12)^12 -1
Then the value of r is ...
r = 12×((eff rate) +1)^(1/12) -1)
For the given effective rate, that is ...
r = 12×(1.06341^(1/12) -1) ≈ 0.06164 . . . . nominal annual interest rate
Answer:
a rhombus
Step-by-step explanation:
If you graph the problem, you can see the shape of the quadrilateral. I attached a picture of a graph below. I hope this helped you!! Have a great rest of your day.
