Use the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 5500
PMT monthly payment?
R interest rate 0.115
K compounded monthly 12
N time 5years
Solve the formula for PMT
PMT=Pv÷ [(1-(1+r/k)^(-kn))÷(r/k)]
PMT=5,500÷((1−(1+0.115÷12)^(
−12×5))÷(0.115÷12))
=120.95
So the answer is C
Hope it helps!
Negative, because Correlation and slope have the same direction (Sxy will be negative)
Answer:
Simple Interest: A=P(1+rt)
A=15000(1+(0.1*4.2))
A=$21,300
Compound Interest:A=P(1+r/n)^nt
A=15000(1+0.1/4.2)^1*4.2
A=$64,500
Step-by-step explanation:
