By applying the formulas of present and future values of annuity we can solve this problem. In this mortgage problem, first we have to find loan amount after the down payment. It is 699,000 - 699,000 * 0.2 = 559,200$. We have to set it as PV (Present Value) of annuity. Using the PV formula ![PV = A \frac{[1- \frac{1}{(1+r)^{N}}]}{r}](https://tex.z-dn.net/?f=%20PV%20%3D%20A%20%5Cfrac%7B%5B1-%20%5Cfrac%7B1%7D%7B%281%2Br%29%5E%7BN%7D%7D%5D%7D%7Br%7D%20)
, we first find A, which is an annual payment. Exact calculation with mortgage calculator gives us A = 33,866.56$. After finding it, plugging this number into FV (Future Value) formula ![FV = A\frac{[(1+r)^{N}-1]}{r}](https://tex.z-dn.net/?f=%20FV%20%3D%20A%5Cfrac%7B%5B%281%2Br%29%5E%7BN%7D-1%5D%7D%7Br%7D%20%20%20)
, we find the value of the future value and it is 1,185,329.66$. And the total financial charge is 1,185,329.66 - 559,200 = 626,129.66$
I mean it would be A and D because I don't know why they are both the same answer. If 10 books were sold yesterday, at LEAST 20 are needed to make the goal.
Answer:
Step-by-step explanation: 90% of people marry there 7th grade love. since u have read this, u will be told good news tonight. if u don't pass this on nine comments your worst week starts now this isn't fake. apparently if u copy and paste this on ten comments in the next ten minutes you will have the best day of your life tomorrow. you will either get kissed or asked out in the next 53 minutes someone will say i love you
Answer:
Divide the volume of the tank (10,000 gallons) by the filling rate of 250 gallons/minute and you will Hours = hr x min x 3785 ml x 55 gal = 208175 = 115.6 hrs.
Step-by-step explanation:
hope it helps
Answer:
7 or 8
Step-by-step explanation:
Robbie was given $80.
His admission costs $15.50
80 - 15.50 = $64.50
He anticipates the cost of food at the fair will be $25.
64.50 - 25 = $39.50
What is the maximum number of rides he can take at the Fair?
(Total $ after admission and cost of food/ ride cost)
$39.50 / $5 = 7.9
