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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:
B. (-1,7)
C. (0,5)
D. (2,3)
Step-by-step explanation:
We solve this question looking at the graphic.
A. (-7, 1)
When , and thus (7,-1) is not solution of the equation.
B. (-1,7)
When , and thus (-1,7) is a solution of the equation.
C. (0,5)
When , and thus (0,5) is a solution of the equation.
D. (2,3)
When , and thus (2,3) is a solution of the equation.
E. (3, 2)
When , and thus (3,2) is not part of the solution
F. (5,0)
When , and thus (5,0) is not part of the solution
-3x - 6 +(-1) =
-3x - 6 - 1 =
-3x - 7 <==
Answer:
$0.05p+$5
Step-by-step explanation: