Step-by-step explanation:
9/8 × (-7/3) =
9 × -7 = -63
8 × 3 = 24
-63/24 simplify
-21/8
Answer:
x = 3 "1" blocks
Step-by-step explanation:
Present Value of an annuity is given by the formular
PV = P(1 - (1 + r)^-n)/r; where PV = $28,000, r = 0.081/12 = 0.00675, n = 35 and P is the periodic (monthly) payment.
P = PVr/(1 - (1 + r)^-n) = (28,000 x 0.00675)/(1 - (1 + 0.00675)^-35) = 189/0.2098 = 900.90
Therefore, the monthly payment is $900.90
The correct answer would be 29.75.
Hope this helps :D