Answer:
ABD
Step-by-step explanation:
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This question can be approached using the present value of annuity formula. The present value of annuity is given by

, where: PV is the present value/amount of the loan, P is the periodic (monthly in this case) payment, r is the APR, t is the number of payments in one year and n is the number of years.
Given that the<span> financing is for a new road bike of $2,500 and that the bike shop offers a 13.5% APR for a 24 month loan.
Thus, PV = $2,500; r = 13.5% = 0.135; t = 12 payments (since payment is made monthly); n = 2 years (i.e. 24 months)
Thus,
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<span>
Therefore, his monthly payment is $119.44</span>
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Answer:
27+ x
Step-by-step explanation:
So you want to get t onto the right side so what you would do is subtract 8t from each side and add 8 to each side
-5t=20
Divide each side by -5
t= -4