Based on the amount borrowed and the interest per year, Big Brothers, Inc will pay an annual payment of $59,973.15.
<h3>How much will Big Brothers, Inc. pay annually?</h3>
This can be found by using the present value of an annuity formula because the annual payment will be constant and therefore like an annuity.
Formula is:
Present value of annuity = Annual payment x ( 1 - (1 + rate) ^ -number of periods) / rate
Solving gives:
267,999 = Amount x ( 1 - ( 1 + 18.16%)⁻¹⁰) / 18.16%
267,999 = Amount x 4.46865
Amount = 267,999 / 4.46865
= $59,973.15
Find out more on loan present value at brainly.com/question/15088278.
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Answer:
6 + (3xd)
Step-by-step explanation:
Answer:
1. Yes
2. No
Step-by-step explanation:
Question 1:
The x is going in a constant rate of 1. While the y is going up in the constant rate of 5, so it is linear.
Question 2:
The x is going in a constant rate of 1. While the y is not going in the constant rate, so it is nonlinear.
Answer:
Step-by-step explanation:
Multiplying exponents is the same as adding them.
^2 x ^5 is the same as 2 + 5 = 7
You have to keep the bases the same so your answer is
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Answer:
51
Step-by-step explanation:
they are congruent so they are equal to eachotjer
