Answer:
Answer(s): <u>15m</u>
<u>20(m-0.25m)</u>
Step-by-step explanation:
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:
1333
Step-by-step explanation:
Answer:
Step-by-step explanation:
Answer:
-3.5, -3, -1, 3, 4.5
Step-by-step explanation:
