Answer:
24
Step-by-step explanation:
3*8 = 24
Ok so I did 25 divided by 2 I got 12.5 and 26 divided by 3 and got 8.6 so the best deal would be 8.6 for part A .
Answer:
24d+12d=t
Step-by-step explanation:
Present Value of an annuity is given by the formular
PV = P(1 - (1 + r)^-n)/r; where PV = $28,000, r = 0.081/12 = 0.00675, n = 35 and P is the periodic (monthly) payment.
P = PVr/(1 - (1 + r)^-n) = (28,000 x 0.00675)/(1 - (1 + 0.00675)^-35) = 189/0.2098 = 900.90
Therefore, the monthly payment is $900.90
