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.
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Answer: 3, it is equal to 2x^2+11x+12
Step-by-step explanation:
Answer:
....................
Step-by-step explanation:
.................
Answer:
Distance traveled 17.5 kilometers
Step-by-step explanation:
We can use the following equation to find the distance traveled,
Distance traveled = Speed * Time
First we need to find the total time he walked = 2.30 p.m. - 11.a.m.
=
hours
Now we can substitute the values to the equation,
Distance traveled =
kilometers per hour *
hours
=
kilometers
= 17.5 kilometers
Answer:
36894
Step-by-step explanation:
hope it helps