Answer:
a) The value of the Annual Payment is A=$17,258.80
b) Is the picture in the attachment file
c) As you can see it in the picture with each payment, balance comes down, due it is the interest base, Interest portion comes down too.
Step-by-step explanation:
Hi
a) First of all, we are going to list the Knowns:
,
% and
, Then we can use
. So this is the value of the Annual Payment
Three hundred eighty four thousand two hundred and fifty eight
Answer:
99.7%
Step-by-step explanation:
the standard deviation is 4 minuet but there is always outliers so thats why its not 100% of the time and the minutes are coverd by the deviation.