Based on the amount borrowed and the interest per year, Big Brothers, Inc will pay an annual payment of $59,973.15.
<h3>How much will Big Brothers, Inc. pay annually?</h3>
This can be found by using the present value of an annuity formula because the annual payment will be constant and therefore like an annuity.
Formula is:
Present value of annuity = Annual payment x ( 1 - (1 + rate) ^ -number of periods) / rate
Solving gives:
267,999 = Amount x ( 1 - ( 1 + 18.16%)⁻¹⁰) / 18.16%
267,999 = Amount x 4.46865
Amount = 267,999 / 4.46865
= $59,973.15
Find out more on loan present value at brainly.com/question/15088278.
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Answer:
so yes its is a solution
Step-by-step explanation:
well plug in 4 on both side and see if its the same on both sides
2x4+12 = 20
3x4+8= 20
20 = 20
Answer:
9y+3
Step-by-step explanation:
you add all the common numbers and you end up with:
9y^6+3+y^-5
then you put the y^-5 under the other numbers and make it positive so it becomes:
9y^6+3/y^5, then you subtract the exponents of y: 6-5, so that cancels out the y on the bottom making it:
9y+3
Answer:
y = 2x -8
Step-by-step explanation:
I think the answer 11.475%. Not sure if you have to round the number.
