Answer:
$919.98
Step-by-step explanation:
To solve using a financial calculator do
N=8
I/Y=10
PMT=85
FV=1000
CMPT PV get 919.98
To do by hand find the present value of the interst payments
85*(1-(1/1.1)^8)
which is 453.4687
Find the present value of the final ballon payment
1000*(1/1.1)^8
which is 466.507
take the sum
466.507+453.4678= 919.98
Y= x + 3
1. Find the gradient(slope)
1 - 7 / - 2 - 4
=1
2. Find the y. Intercept ( c )
Y = x + c
Replace by any of the two coordinates given (4 , 7 )
7 = 4 + c
C= 3
Equation => Y = x + 3
Answer:
FYAB gives a better deal.
Step-by-step explanation:
Compound interest:

Continuously compounded interest:

For the quarterly compounded interest, r = 0.25%, and n = 4.






For the continuously compounded interest, r =0.23%







The quarterly compounded doubles in 277 years.
The continuously compounded doubles in 301 years.
Answer: FYAB gives a better deal.
20 dogs are at the shelter.