Answer:
$509
Explanation:
First, we find the lump sum to pay under the bank terms. The interest rate is 0.5% monthly, which is equivalent to 6.2% annually.
The formula is:
Where:
- P = Present value
- i = interest rate
- n = number of compounding periods of the interest rate
- X = lump sum we need to find
Now, we simply plug the amounts into the formula:
Next, we find the value of the lump sum under the company's preferred terms:
Finally, we susbtract the two figures to find the difference:
There are many benefits of trees technically there are no disadvantages of trees. Trees give us everything but we humans never give them anything. The most important benefits of trees are as follows:
- Trees provide us with oxygen and are called green lungs of earth.
- Trees also provide us with different and delicious variety of fruits and vegetables.
- In ancient times and even in today's time, Herbs are used to cure many diseases.
Free trade negotiations between the United States and the five Central American countries began in 2002
Mountainous and Meadow Regions is not one of Guyana's natural regions.
Hope this Helps!
Answer:
Can earthquakes be predicted?
Earthquake weather?
How long does an earthquake last?
Why are aftershocks recorded?
What is the difference between magnitude and intensity?
What is the Modified Mercalli Intensity Scale?
What is the Richter Magnitude Scale?
