Which ratio is NOT equivalent to the other choices?
1 answer:
You might be interested in
Answer:
Step-by-step explanation:
(a).
Within 1 year, there would be 4 payments to be made.
therefore, PMT=
(i) 1st payment will be :PMT $128.125
(ii) 2nd payment will be :128.125*(1.025)^1= $131.33
(iii) 3rd payment will be :128.125*(1.025)^2=$134.61
(iv) 4th payment will be :128.125*(1.025)^3=$137.98
Hence the payments are: $128.125, $131.33, $134.61, and $137.98.
(b).
The size of the final payment where m 4 *5= 20
Answer:
71.25%.
Step-by-step explanation:
To find the average, we can simply add up the percentages and divide by how many there are.
We can do this by:
= 71.25%