I think they will meet in 4 minutes.
Explanation
10+15+15+15+15=70
150-20-20-20-20=70
Every minute the first balloon goes up 15 meters and the second balloon goes down 20 meters.
The Present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt)/(r/t)
where: P is the monthly payment, r is the annual rate = 7% = 0.07, t is the number of periods in one year = 12 and n is the number of years = 3.
18,000 - 6,098 = P(1 - (1 + 0.07/12)^-(3 x 12)) / (0.07/12)
11,902 = P(1 - (1 + 0.07/12)^-36) / (0.07/12)
P = 0.07(11,902) / 12(1 - (1 + 0.07/12)^-36) = 367.50
Therefore, monthly payment = $367.50
Answer: 1600.08
Step-by-step explanation:
47.2m*33.90
Answer:
0.07894. . .
Step-by-step explanation:
