Answer:
$919.98
Step-by-step explanation:
To solve using a financial calculator do
N=8
I/Y=10
PMT=85
FV=1000
CMPT PV get 919.98
To do by hand find the present value of the interst payments
85*(1-(1/1.1)^8)
which is 453.4687
Find the present value of the final ballon payment
1000*(1/1.1)^8
which is 466.507
take the sum
466.507+453.4678= 919.98
The product of 8 and 90 is 720 because 0 x 8 is 0 and 9 x 8 is 72 so when you multiply the two together you get 720.
Answer:
D
Step-by-step explanation:
Answer:
$1.20
Step-by-step explanation:
9.20 x 4 = 36.8
7.60 x 5 = 38
38 - 36.8 = 1.20
