9514 1404 393
Answer:
$62.74
Step-by-step explanation:
The annuity formula can be used to find the payment needed. Fill in the known values and solve for the unknown.
The future balance due to a series of payments is given by ...
A = P(n/r)((1 +r/n)^(nt) -1)
where A is the account balance P is the payment made each period, n is the number of periods per year, r is the annual interest rate, and t is the number of years.
You have A = $20,000, r = 0.041, n = 12, t = 18 and you want to find P
P = A(r/n)/((1 +r/n)^(nt) -1)
P = $20,000(0.041/12)/((1 +0.041/12)^(12·18) -1) ≈ $62.74
A monthly payment of $62.74 is required.
Answer:
7+4
Step-by-step explanation:
hope it helps
Answer:
125
Step-by-step explanation:
we have
x*.28= 35
we divide both sides by .28 and get
x= 125
and 28% of 125 = 35
Hope it helps !
(f +G) means to add the two equations together:
5x - 2 + 2x +1
5x + 2x = 7x
-2 + = -1
Answer is C. 7x-1
