False. There were people laying down bricks way before the middle ages. Egyptians Romans all had bricks and needed someone to lay them.
Answer:
A. the liabilities of the First National Bank decrease by $10.
Explanation:
Here is a present value equation which is a geometric sequence
i = monthly int rate
v = 1/(1+i)
20 yr loan (240 months)
<span>155,000 = P(v + v^2 + ...v^240)
</span>
15 yr loan (180 months)
<span>155,000 = P(v + v^2+ ...v^180)
</span>Use formula for sum of geometric series:
<span>Sn = v + v^2 + ...vn = <span><span>v(1−vn) / </span><span>1−v
</span></span></span><span>
Now you can find the monthly payments for each loan.
Multiply the payment by length of loan to get total payment, subtract loan amount to get total interest paid.
The answer would be </span><span>$40,013.40.</span>
Answer:
$,9789.97
Explanation:
Calculation to Find the payment (X) that he will receive at year 10
Using this formula
Let plug in the formula
Present Value = CF2/(1+r)^2 + CF6/(1+r)^6 + CF10/(1+r)^10 + CF4/(1+r)^4
Let plug in the formula
17,000 = 8,500/1.06^2 + 9,000/1.06^6 + X/1.06^10 - 3,000/1.06^4
Payment (X) = (17,000 - 13,909.61 + 2,376.28)*1.06^10
Payment (X) == $,9789.97
Therefore the payment (X) that he will receive at year 10 will be $,9789.97
