Answer:
Loan payment = Loan amount / Discount factor
Number of Periodic Payments (n) = Payments per year times number of years. Periodic Interest Rate (i) = Annual rate divided by number of payments per. Discount Factor (D) = {[(1 + i) ^n] - 1} / [i(1 + i)^n]
Step-by-step explanation:
14
6 1/2+7 1/2= 14
To find the percent, divide 9 by 27 to get a decimal, then multiply the decimal by 100 to get the percent:
9 / 27 = 0.333
0.333 x 100 = 33.3%
