Answer:
4056
Step-by-step explanation:
39 necklaces
104 beads/necklace
number of beads = number of necklaces * number of beads per necklace
number of beads = 39 * 104 = 4056
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!
(the answer is) = 6466602
Repeating.................................
