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:
Whatever the gummy bears cost minus the amount left
Step-by-step explanation:
50= 8.25(5) + gummy bears
50=41.25 + gummy bears
8.75= gummy bears
Answer:
1. 9
2. 9
3. 101
Step-by-step explanation:
hope it helps:)
Answer:
The answer of this question is FALSE.
