SFF = (r/n)/{(1+r/n)^nt-1} ------- where SFF = Sinking fund factor, r = Annual interest rate, n= number of payments per year, t = number of years
Substituting,
SFF = (0.06/2)/{(1+0.06/2)^2*2 -1} = 0.239
PMT = A*SFF = 58,000*0.239 = $13,863.57 ---- The closest answer is $13,863.74
Answer:
Step-by-step explanation:
That is a factorial, which is calculated by multiplying 8 * 7 * 6 * 5 * 4 * 3 * 2 * 1 (which is a really BIG number!) 40,320 to be exact!
Answer:
(2a+5)(2a-5)
Step-by-step explanation:
240 divided by 600 = 0.4
0.4 x 100 = 40% of them are pennies