Answer:
27 years
Step-by-step explanation:
The formula for the number of payments can be used:
N = -log(1 +0.05(1 -1000000/65000))/log(1.05) +1 = 27.03
There will be a couple thousand dollars left after the 27th payment.
The winnings will last 27 years.
Answer:
-5/2
Step-by-step explanation:
Answer:
469
Step-by-step explanation:
- Difference = subtraction
- 6,204 - 5,735 = 469
I hope this helps!