Based on the amount borrowed and the interest per year, Big Brothers, Inc will pay an annual payment of $59,973.15.
<h3>How much will Big Brothers, Inc. pay annually?</h3>
This can be found by using the present value of an annuity formula because the annual payment will be constant and therefore like an annuity.
Formula is:
Present value of annuity = Annual payment x ( 1 - (1 + rate) ^ -number of periods) / rate
Solving gives:
267,999 = Amount x ( 1 - ( 1 + 18.16%)⁻¹⁰) / 18.16%
267,999 = Amount x 4.46865
Amount = 267,999 / 4.46865
= $59,973.15
Find out more on loan present value at brainly.com/question/15088278.
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Answer:
C. Hyperbola opening up and down
Step-by-step explanation:
A graph tells the tale.
___
The term with the positive coefficient identifies the axis along which the hyperbola opens. Here, that is the y-axis, so the figure opens up and down.
The minus sign between the squared terms indicates it is a hyperbola, rather than a closed curve (ellipse or circle). The fact that both terms are squared indicates it is <em>not</em> a parabola.
Easy. You're finding unit rates for both Betty's and Shari's.
Betty's: Divide 2.00 and 5 to get 0.4 or $0.40
Shari's: Divide 2.30 and 6 to get .38 (Had to round) or $0.38
Conclusion: Shari's is the better buy, you'll be saving 2 cents!
Hope this helped!
Answer:
The answer is A. True
Step-by-step explanation: