The solution to the problem is as follows:
let
R = $619.15 periodic payment
i = 0.0676/12 the rate per month
n = 48 periods
S = the future value of an ordinary annuity
S = R[((1 + i)^n - 1)/i]
S = 619.15*[(1 + 0.0676/12)^48 - 1)/(0.0676/12)]
S = $34,015.99
I hope my answer has come to your help. God bless and have a nice day ahead!
Answer:
Step-by-step explanation:
If you have the same denominator, you can just subtract the numerators normally and carry over the denominator.
We can use two different ways to solve this equation:
Because the board is 25 off, we can multiply the price and subtract the result:
30 - 0.25(30) = 30 - 7.5 = $22.50
We can also solve by multiplying the total price by 0.75
(1 - 0.25)(30) = 0.75(30) = $22.50
The sales price is $22.50
70 x 100 = 7,000
Therefore, 70 hundred is equal to 7 thousands.
