Answer:
a. $311,555.26
b. $500,000
c. $188,444.74
Step-by-step explanation:
The computation is shown below:
a. Here we have to determine the present value
Given that
PMT = $25,000
NPER = 20
RATE = 5%
FV = $0
The formula is shown below:
= -PV(RATE;NPER;PMT;FV;TYPE)
after applying the above formula, the amount that need in the beginning is $311,555.26
b. The total money should be
= $25,000 × 20 years
= $500,000
c. The amount of interest is
= $500,000 - $311,555.26
= $188,444.74
Answer:
<em>The number of boys enrolled was 150. </em>
Step-by-step explanation:
Suppose, the number of boys enrolled was
As there were 200 more girls than boys, so the number of girls
Given that, the ratio of boys to girls was 3 : 7 , so the equation will be........
So, the number of boys enrolled was 150.
