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
Answer:
y = -
x -2
Step-by-step explanation:
The line is going down to the right so it has the negative slope, with a y- intercept of (0, -2) and a slope of m = rise/run = -5/3
Answer:
95%
Step-by-step explanation:
Difference / Original x 100
76/80 x 100
95%
Answer:
the cougars scored 1 point and the eagles scored 8 points
Step-by-step explanation:
if the cougars would have scored 3 times more points they would have been at which means they scored 1 point because 1x3=3. and if the eagles scores 7 more points than the cougars they would have scored 8 points because 1+7=8. :)
The answer is four
See my handwritten problem worked out in attached pic
