SLOPE: 3 Y INTERCEPT: 3
The other answer is not correct!!!
Answer:
82.35%
Step-by-step explanation:
60 divided by 340=0.17647058823
Multiply that by 100 and you get 17.647058823
Next, round and you get 17.65
100-17.65=82.35
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
The markdown price
= the percent × regular price
the sale price
= regular price - markdown price
= regular price - the percent × regular price
= regular price×(1 - the percent)
