Answer:
p=2982
Step-by-step explanation:
Rate of interest = 6 % p.a
No of year = 12
P.V = $ 25000
Installments (p) = ?
We know the formula of P.V annuity
P.V = P[ 1-(1+r)-n/r]
25000 = P[1-(1+0.06)-12/0.06]
P = 2982 will withdraw annuity
2/5 of 3 = 2/5 * 3 = 6/5....what he plants
(6/5) / 5 = 6/5 * 1/5 = 6/25 <== what each friend got
Answer:
I THINK the answer is C im not 100% sure so good luck
Step-by-step explanation: