Answer:
r= .0901, or 9.01%
Explanation:
N=18, PV=73,000, FV=345,000, I=? 9
Therefore:
V = PV(1 +r)t
= (FV/PV)1/t– 1
r= ($345,000/$73,000)1/18– 1
r= .0901, or 9.01%
The annual rate of interest the person must earn on the investment to cover the cost of the child’s college education is 9.01%
The required components of a <em>database function </em>in the computer science and programming includes:
- D in front of the command
- Range
- Field
- Criteria
According to the given question, we are asked to state the required components of a<em> database function </em>and how this is essential for the database to function properly.
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As a result of this, we can see that the required components of the database function include the =, the range, field, criteria and the D in front of the command.
Read more about database here:
brainly.com/question/14404521
True. With competition in a market, firms have to compete to stay ahead of the others
Answer:
910.18
Explanation:
After Chin's down payment the amount borrowed is ...
(1 - 20%)($180,000) = 0.80·$180,000 = $144,000
The amount of the payment is given by the amortization formula ...
A = P(r/n)/(1 -(1 +r/n)^(-nt))
for P borrowed at rate r for t years, compounded n times per year.
A = 144000(0.065/12)/(1 -(1 +.065/12)^(-12·30)) = 910.18
The monthly loan payments will be 910.18.
