Answer:
x - y + y =x is your answer hope it helps
Step-by-step explanation:
like terms can be add or subtract
To find the average you add all three numbers together and then divide by three since you added three.
$38,750.00 + $42,500.00 + $42,500.00 = $123,750.00
$123,750.00 ÷ 3 = $41,250
So your answer is $41,250
The Present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt)/(r/t)
where: P is the monthly payment, r is the annual rate = 7% = 0.07, t is the number of periods in one year = 12 and n is the number of years = 3.
18,000 - 6,098 = P(1 - (1 + 0.07/12)^-(3 x 12)) / (0.07/12)
11,902 = P(1 - (1 + 0.07/12)^-36) / (0.07/12)
P = 0.07(11,902) / 12(1 - (1 + 0.07/12)^-36) = 367.50
Therefore, monthly payment = $367.50
