Subtract off the down payment: 880 - 250 = 630
So he'll pay 630 over 8 equal payments
Divide: 630/8 = 78.75
His monthly payment is $78.75
Answer:
17,500,000 people
Step-by-step explanation:
70% can be rewritten as 0.7 time 25 million
0.7*25,000,000 = 17,500,000
Present value, PV = $500
Future value, FV = 2*PV = 2*500 = $1,000
Rate, r = 4% = 0.04
Compounding times in a year, n = 4 (compounded quarterly)
Time, t = ??
The future value expression is stated as:
FV = PV (1+r/n)^nt
Substituting;
1000 = 500 (1+0.04/4)^4t
2 = (1.01)^4t
ln 2 = 4t ln 1.01
0.6931 = 4t* 0.00995
0.6931 = 0.0398t
t = 17.414 years
Time required for the amount to double is 17.41 years.
Answer:
80
Step-by-step explanation:
16 × 5 = 80
base × height = area
