i don't know your answer choices, but slums usual have pretty low living standards.
Answer:
The answer is "36.197%".
Explanation:
Formula for EMI
![\to p \times \frac{r}{n} \times [\frac{(1+\frac{r}{n})^{nt}}{(1+\frac{r}{n})^{nt} -1}]](https://tex.z-dn.net/?f=%5Cto%20p%20%5Ctimes%20%5Cfrac%7Br%7D%7Bn%7D%20%5Ctimes%20%5B%5Cfrac%7B%281%2B%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bnt%7D%7D%7B%281%2B%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bnt%7D%20-1%7D%5D)
![= 245,000 \times \frac{0.03125}{12} \times [\frac{(1+\frac{0.03125}{12})^{12 \times 25}}{(1+\frac{0.03125}{12})^{12 \times 25} -1}]\\\\= \$ 1177.81\\\\](https://tex.z-dn.net/?f=%3D%20245%2C000%20%5Ctimes%20%5Cfrac%7B0.03125%7D%7B12%7D%20%5Ctimes%20%5B%5Cfrac%7B%281%2B%5Cfrac%7B0.03125%7D%7B12%7D%29%5E%7B12%20%5Ctimes%2025%7D%7D%7B%281%2B%5Cfrac%7B0.03125%7D%7B12%7D%29%5E%7B12%20%5Ctimes%2025%7D%20-1%7D%5D%5C%5C%5C%5C%3D%20%5C%24%201177.81%5C%5C%5C%5C)
Formula for calculate balance after 10 years:
![\to 245,000 \times (1+ \frac{0.03125}{12})^{10\times 12} - 1177.81 [\frac{(1+\frac{0.03125}{12})^{10\times 12} - 1}{ \frac{0.03125}{12}}]\\\\\to \$ 334739.43 - \$ 165,662.30\\\\\to \$ 169077.13](https://tex.z-dn.net/?f=%5Cto%20245%2C000%20%5Ctimes%20%281%2B%20%5Cfrac%7B0.03125%7D%7B12%7D%29%5E%7B10%5Ctimes%2012%7D%20-%201177.81%20%5B%5Cfrac%7B%281%2B%5Cfrac%7B0.03125%7D%7B12%7D%29%5E%7B10%5Ctimes%2012%7D%20-%201%7D%7B%20%5Cfrac%7B0.03125%7D%7B12%7D%7D%5D%5C%5C%5C%5C%5Cto%20%5C%24%20334739.43%20-%20%5C%24%20165%2C662.30%5C%5C%5C%5C%5Cto%20%5C%24%20169077.13)
Total amount after 10 years:
calculate rate:
Answer:
A strategic alliance.
Explanation:
<em>A strategic alliance</em> is made between two organizations in which they exchange their skills and competence for mutual benefits.
Answer:
Annual deposit= $3,270.91
Explanation:
Giving the following information:
Deposit= beginning of the year
Interest rate= 4% compounded annually
Final value= $36,000
Number of years= 9
To calculate the annual deposit, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}
A= annual deposit
Isolating A:
A= {(FV*i)/ {[(1+i)^n] - 1]} / (1+i)
A= {(36,000*0.04)/ [(1.04^9)-1]} / 1.04
A= $3,270.91
