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: so your readers can visualize and experience it..
Step-by-step explanation:
The answer is 4√6 4√x
Sorry if that looks confusing but it means small 4, big 6 and then small 4
Answer:
A1/ ∛m
Step-by-step explanation:
m ^ (-1/3)
this is m to the cubed root in the denominator
1/ ∛m
Answer:
3160
Step-by-step explanation:
3.16 x 10^3
10^3 = 1000
so you move the decimal point three times to the right
I hope this helps