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
3x2x(1/4)= ????? And then u find the answer
Answer:
a₄=8n+1= -39.
Step-by-step explanation:
1) if a₁=3n; a₃=5n-6 and a₅=11n+8, then it is possible to calculate the difference according to 0.5(a₅-a₃)=0.5(a₃-a₁). Then
2) 0.5(11n+8-5n+6)=0.5(5n-6-3n); ⇔ 6n+14=2n-6; ⇔ n= -5.
3) if n=-5, then the 4th term is:
or a₄=-39.
