ANSWER: (4,26)
Comment below if you have any questions or want an explanation:
Answer:
3/10
Step-by-step explanation:
Please give brainliest!
hope this helps :)
the first step is to multiply 1/4 and 2/5
1/4 times 2/5 = 2/20
you figure this out by multiplying the numerators and denominators.
next, we solve 2/20 ÷ 1/3
we do this by taking the reciprocal of 1/3, which is 3/1, and then multiplying the fractions
2/20 times 3/1 = 6/20
6/20 = 3/10
Present Value of an annuity is given by the formular
PV = P(1 - (1 + r)^-n)/r; where PV = $28,000, r = 0.081/12 = 0.00675, n = 35 and P is the periodic (monthly) payment.
P = PVr/(1 - (1 + r)^-n) = (28,000 x 0.00675)/(1 - (1 + 0.00675)^-35) = 189/0.2098 = 900.90
Therefore, the monthly payment is $900.90
Hopes this helps:
Answer: 750
