Answer:
Monthly payment: 460.41 dollars
Effective rate: 4.07%
Explanation:
we will calculate the PTM of an annuity of 25,000 over 5 year at 4%
PV $25,000.00
time 60
rate 0.003333333
C $ 460.413
Now we need to know the effective rate, which is the same as 4% compounding monthly:
![(1+0.04/12)^{60} = (1+ r_e)^{5}\\r_e = \sqrt[5]{(1+0.04/12)^{60}} - 1](https://tex.z-dn.net/?f=%281%2B0.04%2F12%29%5E%7B60%7D%20%3D%20%281%2B%20r_e%29%5E%7B5%7D%5C%5Cr_e%20%3D%20%5Csqrt%5B5%5D%7B%281%2B0.04%2F12%29%5E%7B60%7D%7D%20-%201)
effective rate = 0.040741543 = 4.07%
Hi there! The answer is 7%
The price of the book is $ 22.
Santino bought it for $ 23.54.
Therefore, the amount of tax is $ 1.54
Now we can find the sales tax rate by using the following formula:

Filling in gives:
Answer:
a
Explanation:
this is due to the initial uptake for the product . it levels to repeat customers but others drop off the sales due to other reasons
Answer:
-Checking accounts almost never generate interest.
-It's much easier to spend money from a checking account.
have a nice day!