Find the size of each of 66 payments made at the end of each year into a 88% rate sinking fund which produces $36000 at the en
1 answer:
Answer: $7787.99
Step-by-step explanation:
We know that the formula to find the periodic payment on an annuity is given by :-
, where PV is the present value , r is the rate of interest ( in decimal ) and n is the number of payments.
Given : Present value : $36000
Rate of interest = 8%=0.08
Time period = 6 years
Then , the periodic payment will be :-
Hence, the payment size is $7787.99.
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Answer:
The volume of the irregular figure would be 144 .
Step-by-step explanation:
If you wish to make the process of calculating the volume easier, you can picture the irregular figure as two rectangular prisms: the large one on the bottom, and the smaller one appearing to protrude from the prism below it. Using this method, you only need to find the volumes of the two rectangular prisms and add the values together to get the volume for the irregular figure. The formula used to find the volume of a rectangular prism is , where
,
, and
, represents the length, width, and height of the rectangular prism respectively. Using the formula above, the volume of the larger rectangular prism would be 12 * 3 * 3 = 12 * 9 = 108
, and the volume of the smaller rectangular prism would be 4 * 3 * 3 = 12 * 3 = 36
. So the volume of the entire irregular figure would be 108 + 36 = 144
.