Use the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 5500
PMT monthly payment?
R interest rate 0.115
K compounded monthly 12
N time 5years
Solve the formula for PMT
PMT=Pv÷ [(1-(1+r/k)^(-kn))÷(r/k)]
PMT=5,500÷((1−(1+0.115÷12)^(
−12×5))÷(0.115÷12))
=120.95
So the answer is C
Hope it helps!
Answer:
She needs $55 more dollars
Step-by-step explanation:
Answer:
how many floors the elevator goes down per unit of time
Step-by-step explanation:
not sure what the unit of time is but its seconds or minutes im pretty sure it doesnt say
Answer:
caca sh
Step-by-step explanation:
shart
<h2>Answer:
The line from the question [ y = -8x + 3 ] passes through the point ( -1, 11 ). </h2>
<h3 /><h3>Step-by-step explanation:
</h3>
<u>Find the slope of the parallel line</u>
When two lines are parallel, they have the same slope.
⇒ if the slope of this line = - 8
then the slope of the parallel line (m) = - 8
<u>Determine the equation</u>
We can now use the point-slope form (y - y₁) = m(x - x₁)) to write the equation for this line:
⇒ y - 11 = - 8 (x - (-1))
∴ y - 11 = - 8 (x + 1)
We can also write the equation in the slope-intercept form by making y the subject of the equation and expanding the bracket to simplify:
since y - 11 = - 8 (x + 1)
y = - 8 x + 3
The line from the question [ y = -8x + 3 ] passes through the point ( -1, 11 ).
