Please answer this correctly
1 answer:
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Answer: $7787.99
Step-by-step explanation:
We know that the formula to find the periodic payment on an annuity is given by :-
, where PV is the present value , r is the rate of interest ( in decimal ) and n is the number of payments.
Given : Present value : $36000
Rate of interest = 8%=0.08
Time period = 6 years
Then , the periodic payment will be :-
Hence, the payment size is $7787.99.
Concept: Solution of the given attachment is based on the addition of two vectors as given below.
Consider two vectors P and Q, then resultant of these two vectors is given as,
R = P + Q
To find the addition of G & H vectors. That is G + H =?
In the given figure;
Vector A = - Vector G because both are in opposite directions -----(i)
From the figure,
A + H = F --------------- using the given concept ---------(ii)
Now, shall replace the value of A from equation (i) in equation(ii)
- G + H = F
or, G + (- H) = - F
Since the vector addition of G & H is not equal to F.
Hence, the given statement G + H = F is False.
