First find the total payments
Total paid
200×30=6,000 (this is the future value)
Second use the formula of the future value of annuity ordinary to find the monthly payment.
The formula is
Fv=pmt [(1+r/k)^(n)-1)÷(r/k)]
We need to solve for pmt
PMT=Fv÷[(1+r/k)^(n)-1)÷(r/k)]
PMT monthly payment?
Fv future value 6000
R interest rate 0.09
K compounded monthly 12
N=kt=12×(30months/12months)=30
PMT=6000÷(((1+0.09÷12)^(30)
−1)÷(0.09÷12))
=179.09 (this is the monthly payment)
Now use the formula of the present value of annuity ordinary to find the amount of his loan.
The formula is
Pv=pmt [(1-(1+r/k)^(-n))÷(r/k)]
Pv present value or the amount of his loan?
PMT monthly payment 179.09
R interest rate 0.09
N 30
K compounded monthly 12
Pv=179.09×((1−(1+0.09÷12)^(
−30))÷(0.09÷12))
=4,795.15
The answer is 4795.15
Answer:
the answer is (-8,0)
Step-by-step explanation:
thats the right answer
Answer:
-7
Step-by-step explanation:
-2 ( x + 5 ) = 4
-2x - 10 = 4
+10 +10
-2x = 14
divide by -2
x = -7
To find the better buy we have to find the cost per pen for each.
1. 20 pens for $1.60 -> 1.60/20 = .08 cents per pen.
25 pens for $2.25 -> 2.25/25 = .09 cents per pen.
The best buy is 20 pens for $1.60 because it's cheaper per pen.
2. 13 berries for $2.60 -> 2.60/13 = .20 cents per berry
17 berries for $3.06 -> 3.06/17 = .18 cents per berry
The best buy is 17 berries for $3.06 because it's cheaper per berry.
Answer:
False
Step-by-step explanation:
B is the y-intercept.
