Answer:
$509
Explanation:
First, we find the lump sum to pay under the bank terms. The interest rate is 0.5% monthly, which is equivalent to 6.2% annually.
The formula is:
Where:
- P = Present value
- i = interest rate
- n = number of compounding periods of the interest rate
- X = lump sum we need to find
Now, we simply plug the amounts into the formula:
Next, we find the value of the lump sum under the company's preferred terms:
Finally, we susbtract the two figures to find the difference:
True.
Pilgrims came to North America because they wanted to worship in the ways they wanted to and not how the church told them to.
Because of gravity... if you want a more detailed answer look it up on google!
Compact: closely and neatly packed together; dense
Prorupted: an extension that protrudes from the main territory. Thailand is an example of a prorupted state.
Elongated: Something that's elongated is stretched out, or extended so that it's longer than usual. Some painters, like El Greco, are known for their strange, elongated figures.
Fragmented: an adjective that describes things that have been reduced or divided into fragments—pieces that have been broken off of or detached from the whole. The related adjective fragmentary means something different: consisting of or reduced to fragments—disconnected or incomplete, as in fragmentary evidence.
Perforated: pierced with a hole or holes
Explanation:
