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: It would take 40 minutes to mow a lawn with a mower containing 12-inch wide blades.
Step-by-step explanation:
Answer:
$15.225
Step-by-step explanation:
$29 - 30% = $20.30
$20.30 - 25% = $15.225
Answer:
10.75
Step-by-step explanation:
First you see how many times 4 can go into 4 in the tens place which is 1 .You multiply 4 times 1and you get 4 .Then you minus 4 from 4 and get
Then you bring down the 3 and see how many times 4 can go into 3 which is 0 .So you put a decimal point and bring down a 0.
See how many times 4 can go into 30,which will be 7 times.After , you multiply 7 times 4 and you get 28.Subtract 29 from 30 and you get 20.You bring down the 0 .
See how many times 4 can go into 20 which is 5.Mutiply 5 times 4 and get 20 then subtract 20 from 20.
Get a final quotient of 10.75.
