The present value of an annuity is given by

where: PV is the current value of the annuity, P is the periodic payment, r is the apr, t is the number of compounding in one year and n is the number of years.
Thus, given that PV = $51,800; r = 7.8% = 0.078; t = 12; n = 4.

Therefore, the <span>monthly payment is $1,259.73</span>
Answer:
Step-by-step explanation:
C = 5(68 - 32)/9
= 5(36)/9
= 180/9 = 20
C = 20
.44 is the correct answer
Answer:
The percentage increase in salary of employee is 7.14 %
Step-by-step explanation:
Given as :
The initial pay of employee = $35,000 per year
The increase pay of employee = $37,500 per year
Let The percentage increase in salary = X %
So, X =
× 100
Or, X =
× 100
Or, X =
× 100
∴ X = 0.0714 × 100 = 7.14 %
Hence The percentage increase in salary of employee is 7.14 % Answer
For this case we have the following function:
Where,
g: number of gallons of gas
M (g): number of miles that Danny's truck travels
We know that the maximum capacity is 20 gallons of gas.
Therefore, the maximum distance the truck can travel is given by:
Thus, the domain of the function is:

The range of the function is:
Answer:
A domain and range that are reasonable for the function are:
D. D: 0 ≤ g ≤ 20
R: 0 ≤ M (g) ≤ 340