Answer:
B
Step-by-step explanation:
I think the answer would be d
Answer:
$125 is to be paid during the 6th month.
Answer:
1.107 = r
Step-by-step explanation:
To solve this for r, do the following:
Add 10 to both sides, to isolate the r term on the left: 18r^(-8) = 8
Divide both sides by 18, to isolate r^(-8): r^(-8) = 8/18
Invert both sides: r^8 = 9/4
Take the natural log or both sides:
8 ln r = ln 9 - ln 4, or
8 ln r = 0.8109, so that ln r = 0.1014
to find r, raise e to the power ln r on the left and e to the power 0.1014 on the right:
ln r 0.1014
e = e = 1.107 = r
