The answer would be 1,020 minutes every 30 days
Answer:
16%
Step-by-step explanation:
Solution for 0.40 is what percent of 2.50:
0.40:2.50*100 =
(0.40*100):2.50 =
40:2.50 = 16
Answer:
The PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5% is $20,352.
Step-by-step explanation:
P = PMT [(1 - (1 / (1 + r)
)) / r]
= 2,700 [(1 - (1 / (1 + 0.055)
)) / 0.05]
= 2,700 [(1 - (1 / (1 + 0.055)
)) / 0.05]
= 2,700 [(1 - (1 / (1.708)) / 0.05]
= 2,700 [(1 - 0.58)) / 0.05]
= 2,700 [(0.41457) / 0.05]
= 2,700(7.53)
=$ 20,352
1, 1.84+2= 1.84+2.00=3.84
3, 0.90+2= 0.90+2.00 = 2.90
4, 0.5+5= 0.5+5.0=5.5
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