Based on the amount borrowed and the interest per year, Big Brothers, Inc will pay an annual payment of $59,973.15.
<h3>How much will Big Brothers, Inc. pay annually?</h3>
This can be found by using the present value of an annuity formula because the annual payment will be constant and therefore like an annuity.
Formula is:
Present value of annuity = Annual payment x ( 1 - (1 + rate) ^ -number of periods) / rate
Solving gives:
267,999 = Amount x ( 1 - ( 1 + 18.16%)⁻¹⁰) / 18.16%
267,999 = Amount x 4.46865
Amount = 267,999 / 4.46865
= $59,973.15
Find out more on loan present value at brainly.com/question/15088278.
#SPJ1
A triangle is a three-edged polygon with three vertices. It is a fundamental form in geometry.
<h3>What is a triangle?</h3>
A triangle is a three-edged polygon with three vertices. It is a fundamental form in geometry. Triangle ABC denotes a triangle with vertices A, B, and C.
The two triangles can be made as shown below, the bigger triangle will be an equilateral triangle with each side measuring 10 units, while the smaller triangle will be an isosceles triangle and the measure of the same length side will be equal to the radius of the circle.
Learn more about Triangle:
brainly.com/question/2773823
#SPJ1
I think your answer would be 5%.
To find this answer you need to do an acumulative frequency chart and it will give you your total