Answer: $7787.99
Step-by-step explanation:
We know that the formula to find the periodic payment on an annuity is given by :-
, where PV is the present value , r is the rate of interest ( in decimal ) and n is the number of payments.
Given : Present value : $36000
Rate of interest = 8%=0.08
Time period = 6 years
Then , the periodic payment will be :-
Hence, the payment size is $7787.99.
Step-by-step explanation:
1. use the equation
current amount X interest to the power of years
commpound interest is 2.3%
The starting value is £7900
So: £7900*1.023^5=£8851.26
Therefore, the answer is £8851.26 after 5 years of interest added
Hope this helps!!!
Have a nice day :)
Answer:
40
Step-by-step explanation:
count the blocks
25-12=13 because if x=5 and y=12 just replace the letters with the numbers. Hope it helps mate
