1. The amortization formula can tell you the present value if the string of payments is made at the end of the month.
A = P(i/n)/(1 -(1 +i/n)^(-nt))
where A is the payment (200), P is the present value, n is the number of compoundings per year (12), and t is the number of years (4).
200 = P(.034/12)/(1 -(1 +.034/12)^-48)
200 = P*0.0223115558
P = 200/0.0223115558 ≈ 8,963.96
This matches the selection ...
a) $8963.96
[Please note that an actual sale would probably require the first payment be made immediately, hence the present value would actually be $8,989.36.]
2. A financial calculator (HP-12c) computes the IRR at 3.889% (per quarter). Hence the annual rate of return is about
4*3.889% ≈ 15.55%
This matches selection ...
a.) 15.55%
Answer:
170
Step-by-step explanation:
20 + (26 - 1)6
= 20 + (25)6
= 20 + 150
= 170
Answer:
7.50 stuped
Step-by-step explanation:
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It is A......................
Answer:
its not possible
Step-by-step explanation: