Answer:
Step-by-step explanation:
the answer is 40000
Answer:

Step-by-step explanation:
Given

Required
Solve for A
The question implies that we make A the subject of the formula.
Start by subtracting By from both sides of the equation by x


Divide both sides by x


<em>Solved</em>
14+14=28
48-28=20
20 divided by 2 =10
The width is 10
Present Value of an annuity is given by the formular
PV = P(1 - (1 + r)^-n)/r; where PV = $28,000, r = 0.081/12 = 0.00675, n = 35 and P is the periodic (monthly) payment.
P = PVr/(1 - (1 + r)^-n) = (28,000 x 0.00675)/(1 - (1 + 0.00675)^-35) = 189/0.2098 = 900.90
Therefore, the monthly payment is $900.90